Gabby Brown, gabby.brown@sierraclub.org
Glasgow -- Last night, the Glasgow Financial Alliance for Net Zero (GFANZ) announced that more than 450 financial firms with $130 trillion in assets have committed to net zero targets over the next three decades.
In response, Sierra Club Fossil-Free Finance Campaign Manager Ben Cushing released the following statement:
"It's significant that such a large share of the financial sector has recognized its role in driving the climate crisis and the need to wind down its financed emissions. But achieving net-zero by 2050 and staying within 1.5°C of warming means stopping financing for fossil fuel expansion today. That's the key test for whether these commitments are aligned with reality or just an attempt at good PR."
About the Sierra Club
The Sierra Club is America’s largest and most influential grassroots environmental organization, with millions of members and supporters. In addition to protecting every person's right to get outdoors and access the healing power of nature, the Sierra Club works to promote clean energy, safeguard the health of our communities, protect wildlife, and preserve our remaining wild places through grassroots activism, public education, lobbying, and legal action. For more information, visit www.sierraclub.org.