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.
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.
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.
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.
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.
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.
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.
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.
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:
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.
As Senate Democrats prepare to host a hearing tomorrow on the “Economic and Financial Risks of Climate Change,” activists around the country are busy preparing for a major day of action to protest Wall Street’s ongoing financing of fossil fuels and deforestation.
Wells Fargo has released an update to its environmental policy ruling out funding for oil and gas projects in the Arctic region, including the Arctic National Wildlife Refuge