Washington, DC -- Today, the White House—under the leadership of National Economic Council Director Brian Deese and National Climate Advisor Gina McCarthy—released a roadmap for a government-wide effort to identify and mitigate climate-related financial risk, as directed by President Biden’s May
Today, JPMorgan Chase announced a pledge to reach net-zero emissions from its lending and investment portfolios by 2050, and that it will join the Net Zero Banking Alliance (NZBA).
Washington, DC -- Today, President Biden announced the nomination of Saule Omarova as Comptroller of the Currency.
In response, Sierra Club Fossil-Free Finance Campaign Manager Ben Cushing released the following statement:
Today, Congressman Mondaire Jones (D-NY), Congresswoman Ayanna Pressley (D-MA), and Congresswoman Rashida Tlaib (D-MI) introduced the Fossil Free Finance Act, legislation to require the Federal Reserve to mandate banks and other Systemically Important Financial Institutions align their financing of greenhouse gas emissions with science-based emissions targets.
WASHINGTON, D.C.-- Today, grassroots leaders from 20 different countries and 37 organizations sent a letter to the U.S. Treasury Department, calling on the Department to center the demands of international grassroots movements in the implementation of its new Multilateral Development Bank (MDB) fossil fuel financing guidance released on Monday. The guidance directs the U.S. government to strongly oppose coal projects, and to only support oil and gas projects in extenuating circumstances and only if specific criteria are met, while encouraging MDBs to invest in clean energy and energy efficiency.
Today, BlackRock released its 2020-2021 stewardship report. The report details BlackRock’s engagement and proxy voting record during Sandy Boss’s first year as Global Head of Investment Stewardship. In response, members of the BlackRock’s Big Problem network issued the following statements:
Casey Harrell, Senior Strategist with the Sunrise Project:
Today, the Sierra Club submitted more than 10,000 comments from members and supporters across the country urging the Securities and Exchange Commission (SEC) to develop strong disclosure rules that require companies and financial institutions to report their contributions to the climate crisis, as well as how they are adapting to the changing climate.
June 3, 2021 – Trans Mountain insurer and Lloyd’s of London syndicate Argo Group has pledged to cut ties with the existing Trans Mountain tar sands pipeline when its current insurance policy expires on August 31, 2021, and to not insure the Trans Mountain Expansion Project.
Today, at ExxonMobil’s annual general meeting, shareholders voted for the election of at least two new members on Exxon’s board of directors, a powerful rebuke to the company’s long-running failure to act on the climate crisis and put forward a sustainable business plan.
Washington, DC -- Today, President Biden issued a broad-ranging Executive Order to address climate-related financial risks to the U.S. economy, including steps to begin mitigating the damage caused by the financing of fossil fuels and other risky, high-carbon sectors.
Washington, DC -- Today, JPMorgan Chase released its 2030 interim emissions “intensity” targets for its financing of oil and gas, electric power, and auto manufacturing, following the bank’s October commitment to align its financing activities with the goals of the Paris Agreement.
BlackRock and Vanguard Fail to Disclose How They Voted