October 26, 2021
Goldman Sachs announced yesterday that it has joined the Net-Zero Banking Alliance (NZBA), making it the last of the six major U.S. banks to join.
October 21, 2021
Today, the Financial Stability Oversight Council (FSOC), led by Treasury Secretary Janet Yellen, released a highly anticipated report laying out recommendations for mitigating climate risks to the economy, as directed by President Biden’s May Executive Order.
October 15, 2021
San Francisco, CA -- Wells Fargo announced today that it has joined the Net-Zero Banking Alliance (NZBA), following its commitment in March to reach net-zero emissions by 2050.
October 15, 2021
WASHINGTON, D.C. -- Public Citizen, Sierra Club, 350.org, Americans for Financial Reform, Evergreen Action, and Action Center on Race and the Economy today delivered more than 40,000 petition signatures to U.S. Treasury Secretary Janet Yellen demanding that an upcoming report highlight the gravity of climate threats to our financial system and identify concrete steps that financial regulators should take to address them.
October 14, 2021
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
October 8, 2021
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).
September 24, 2021
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:
September 15, 2021
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.
August 18, 2021
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…
July 20, 2021
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: