January 22, 2019
According to disclosures submitted to the non-profit CDP and reported yesterday by Bloomberg, Wells Fargo sees the climate crisis as an opportunity to make more money.
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January 17, 2019
Today, BlackRock CEO Larry Fink published his annual letter to CEOs. In this year’s letter, he describes an “increasingly fragile” global landscape and a need for corporations to be leaders and “address pressing social and economic issues.” Fink failed to mention climate change at all in the letter, despite the urgent need to take action on this issue.
October 25, 2018
In spite of mounting concerns about threats to Indigenous communities and the global climate, JPMorgan Chase, Wells Fargo, and Crédit Agricole, along with 11 other banks, have doubled down on their support for tar sands pipelines, renewing a $1.41 billion line of credit to Enbridge, the company behind the controversial proposed Line 3 tar sands pipeline.
October 10, 2018
Today, international financial services company NN Group announced that it will withdraw funding for tar sands pipeline companies including TransCanada and Enbridge, the companies behind Keystone XL and Line 3, respectively, citing concerns about climate impact and human rights abuses associated with tar sands pipelines.
October 8, 2018
Today, on Indigenous People’s Day, Honor The Earth, Rainforest Action Network, Sierra Club, 350 Seattle, Friends of the Earth France, and others launched a campaign calling on JPMorgan Chase, Wells Fargo and French bank Crédit Agricole to end their participation in credit lines of nearly $4 billion dollars associated with Indigenous rights violations with major tar sands pipeline companies Enbridge and TransCanada.
August 2, 2018
Amid the growing chorus of condemnation for drilling in the Arctic region and specifically in the Arctic Refuge, Wells Fargo has been silent.
July 12, 2018
Today, Ireland’s government committed to divest its 8 billion-euro national investment fund from all coal, oil, and gas investments, making it the world’s first country to fully divest from fossil fuels.
April 25, 2018
A crowd of activists rallied today outside of a meeting of Bank of America’s shareholders and executives to call on the Charlotte-based bank to drop its financing of dirty and destructive fossil fuel projects.
April 24, 2018
A crowd of activists rallied today outside of a meeting of Wells Fargo’s shareholders and executives to call on the bank to drop its financing of dirty and destructive fossil fuel projects.
April 16, 2018
US commercial banks are gearing up for their annual general meetings, starting as early as this week, but they’re not alone in making plans for AGM season. A growing number of concerned communities and organizations are planning a series of interventions at this year's bank shareholder meetings to pressure the banks to stop financing controversial oil and gas infrastructure projects.
April 2, 2018
The Securities and Exchange Commission (SEC) has reportedly taken unprecedented action on behalf of an oil company by blocking a shareholder resolution on climate change.
January 10, 2018
New York City Mayor Bill de Blasio announced a plan to divest the city’s $189 billion pension fund from fossil fuels within the next five years, making New York City the first major US pension plan to do so.