July 26, 2020
Multinational investment bank and financial services company Deutsche Bank released an updated energy policy today that rules out funding for new oil and gas drilling or exploration in the Arctic.
fossil-free-finance
July 19, 2020
Today, Morgan Stanley announced it would become the first major American bank to track and report the greenhouse gas emissions from its loans and investments as part of the bank’s own contribution to climate change.
May 27, 2020
Today, BlackRock voted against the re-election of two directors at ExxonMobil and in favor of a shareholder motion that proposes splitting the role of chief executive and chairman. It also voted for a proposal requesting that Chevron report on how the company's direct and indirect lobbying align with the Paris Climate Agreement goals.
May 19, 2020
Today, at the bank’s virtual annual shareholder meeting, JPMorgan Chase, the world’s worst funder of climate change, faced multiple questions on climate change as well as pressure to remove climate change denier and former Exxon CEO Lee Raymond from its board. 49.6% of shareholders voted to require Chase to produce a plan to align its business with the goals of the Paris Agreement. And, in a strong rebuke to Jamie Dimon’s leadership, 41.7% voted to split the roles of board chair and CEO.
May 17, 2020
JPMorgan Chase is holding its annual general meeting tomorrow amid mounting pressure from a broad array of stakeholders to end its massive role in financing the climate crisis.
April 23, 2020
Today, multinational investment bank Morgan Stanley released an updated energy policy that rules out direct financing for oil and gas exploration and development in the Arctic, including the Arctic National Wildlife Refuge.
April 22, 2020
As Bank of America faced shareholders today for its annual general meeting, the bank refused to rule out funding for drilling in the Arctic National Wildlife Refuge.
April 20, 2020
Today, multinational investment bank Citigroup released an updated energy policy that rules out financing for oil and gas exploration, development and production projects in the Arctic, including the Arctic National Wildlife Refuge.
April 19, 2020
This week, as major banks face shareholders for their annual general meetings, they will face pressure from shareholders and activists to commit to ruling out financing for any new drilling in the Arctic, including the Arctic National Wildlife Refuge.
April 15, 2020
Washington, DC — This Earth Day, activists will turn up the heat on Wall Street through mass online actions.
Earth Day Live, the three-day online Earth Day celebration, will dedicate an entire day — Thursday, April 23 — to “Divest,” a day-long push to end the financing of climate destruction.
April 9, 2020
Last night, Reuters reported that banks including JPMorgan Chase, Wells Fargo, Bank of America, and Citigroup are planning to take direct ownership of failing oil and gas assets. The banks are reportedly awaiting regulatory waivers in order to move this plan forward.
In response, Sierra Club campaign representative Ben Cushing released the following statement:
March 17, 2020
The latest version of the most comprehensive report on global banks’ fossil fuel financing, Banking on Climate Change 2020, was released today, revealing that 35 global banks have not only been sustaining but expanding the fossil fuel sector with more than $2.7 trillion in the four years since the Paris Climate Agreement.