January 17, 2022
New York, NY – Tonight, BlackRock CEO Larry Fink released his annual letter to CEOs. In response, Ben Cushing, Fossil-Free Finance Campaign Manager with the Sierra Club, released the following statement:
January 13, 2022
Today, President Biden announced the nomination of Sarah Bloom Raskin to be vice chair for supervision at the Federal Reserve, the Fed’s top regulator of Wall Street banks.
December 16, 2021
Today, Goldman Sachs became the third major U.S. bank to set 2030 emissions reduction targets under its commitment to reach net zero financed emissions by 2050.
December 13, 2021
Today marks the close of the public comment period on a proposed rulemaking from the Department of Labor that would restore flexibility to managers of pension funds and retirement accounts to consider the environment, social justice, and corporate governance in making investments and voting on shareholder proposals.
December 14, 2021
New report finds that if US financial institutions were a country, they would be the fifth worst carbon emitter in the world, or just below Russia, in annual net emissions of CO₂;
December 7, 2021
Despite CEO Larry Fink’s supposed commitment to climate leadership, BlackRock is leading a group of investors in a $15.5 billion deal with Saudi Aramco to support the fossil fuel giant’s massive planned expansion of gas pipelines.
November 21, 2021
Today, President Biden renominated Jerome Powell to continue in his current role as Chair of the Federal Reserve. He also nominated Lael Brainard, who currently serves on the Federal Reserve Board of Governors, as Vice Chair.
November 17, 2021
This morning, Dr. Saule Omarova will face the Senate Banking Committee for a hearing on her nomination to be Comptroller of the Currency.
November 3, 2021
Today, Morgan Stanley announced new 2030 targets to reach its commitment to net-zero financed emissions by 2050. Last year, Morgan Stanley became the first major US bank to make a net-zero by 2050 commitment and it is one of the first major US banks, following JPMorgan Chase, to set interim 2030 targets.
November 2, 2021
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.