fossil-free-finance

May 5, 2021

Charlotte, NC -- Tomorrow, Duke Energy, the second largest emitter of climate-polluting carbon dioxide in the country, will hold its Annual General Meeting (AGM) where it will face questions from shareholders on its failure on climate and racial justice.

April 27, 2021

San Francisco, CA -- Today, at Wells Fargo’s virtual annual shareholder meeting, the bank faced questions about its massive fossil fuel financing and lack of a credible climate-aligned transition plan, but top shareholders like Vanguard and BlackRock appeared to maintain the status quo by voting to re-elect Board Chairman Charles Noski.

April 21, 2021

Today, on the eve of President Biden's Leaders Summit on Climate, saw the announcement of the Net-Zero Banking Alliance (NZBA), an industry-led initiative including a set of guidelines for banks to use in implementing net zero commitments and setting science-based targets for 2030 or sooner.

April 19, 2021

Washington, DC -- Today, the Department of the Treasury announced the appointment of John Morton as the Department’s first Climate Counselor to Treasury Secretary Janet Yellen. Morton is tasked with leading the newly established Climate Hub that will work across the Department to mitigate climate-related financial risks and advance President Biden’s goals of 100% clean energy and a net zero emissions economy.

April 15, 2021

New York, NY — Today, JPMorgan Chase announced a goal to finance and facilitate $2.5 trillion into climate solutions and sustainable development over the next ten years, but the bank failed to make any new commitments to reduce its financing of fossil fuels and overall climate impact.

April 12, 2021

Voters want the federal government to play an active role in reducing Wall Street’s impact on the climate and preventing climate-fueled economic crises
 
WASHINGTON, DC — Today, a new set of polling released by Data for Progress shows that US voters overwhelmingly support the federal government taking strong action to curb the climate impact of Wall Street in order

April 7, 2021

New York, NY -- Today, JPMorgan Chase (JPMC) CEO Jamie Dimon released his influential annual letter to shareholders.

March 23, 2021

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016

*** Read report here: http://www.bankingonclimatechaos.org/ ***

March 15, 2021

New York, NY - Today, Citigroup issued an updated environmental policy that makes it the first major US bank with a plan to restrict financing for companies expanding coal power and to phase-out financing for nearly all coal power companies over the next two decades.

March 8, 2021

New York, NY -- Today, Wells Fargo became the last major U.S.

March 4, 2021

Washington, DC -- Today, Goldman Sachs announced a new commitment to align its financing activities with a pathway to net-zero greenhouse gas emissions by 2050 and committed to set interim climate targets by the end of this year. Goldman Sachs also indicated it would begin measuring and disclosing its financed emissions, though the announcement lacked further details on the bank’s methodology for doing so and its near-term steps for cutting emissions.

March 1, 2021

Washington, DC -- Today, Citi announced a new commitment to reach net zero greenhouse gas emissions for its financing by 2050, but put off providing key details, instead promising an initial plan “within the next year.” Citi announced that its net zero plan will include “emissions reduction targets for carbon-intensive sectors that also have low-carbon transition opportunities, including interim emissions targets for 2030 for our Energy and Power portfolios.” Citi has been the