fossil-free-finance

Memo on US Banking Regulators’ Pending Rulemaking on Community Reinvestment Act Regulations

Agencies likely to issue final rule following Federal Reserve, FDIC board meetings on October 24

Climate Advocacy Groups Call Citi Involvement in Exxon-Pioneer Merger 'Pure Hypocrisy'

Bank is lead financial advisor in $59.5B deal despite committing to reach net zero by 2050

Sierra Club Applauds SEC for New Rule Standardizing How ESG Funds Can Be Named

Final rule excludes key provision on ESG labeling, which should be addressed soon in additional rulemaking process

US Department of Treasury Publishes Principles for Financial Institutions’ Net-Zero Transition Plans

Agency fails to provide detailed guidance for robust implementation of climate commitments

Memo on Financial Institutions and Fossil Fuel Financing Ahead of Yellen Roundtable

Treasury Secretary Janet Yellen is traveling to New York City on Tuesday for a series of events with the United Nations General Assembly during Climate Week. The events include a 2:45 p.m. roundtable with leaders of a range of financial institutions that “have committed to significant climate-related actions.” 

California Legislature passes SB 253, the Climate Corporate Leadership and Accountability Act

Bill is the first of its kind in the nation to expand transparency in corporate emissions

New Report: Major Global Banks are Financing Deadly US Coal Plants Thanks to Loopholes in Their Climate Commitments

Sierra Club analysis reveals banks continue to provide funding to coal utility parent companies, despite policies to restrict project-level loans to coal plants

Vanguard Supports Only 2% of US Environmental, Social Shareholder Resolutions in 2023

Asset Manager’s New Stewardship Report Shows Decline Even From 2022’s Low Voting Performance; Vanguard’s Support for Environmental & Social Measures Is Even Less Than BlackRock’s

SBTi’s Proposed Standards Represent Important Progress in Tackling Greenwashing and Ensuring Credible, Science-Based Net-Zero Pledges from Financial Institutions

Americans for Financial Reform Education Fund, Public Citizen, Sierra Club engage with global standard setter on proposed guidance for financial institutions

As Financial Risks from Climate Grow, Advocacy Groups Push FSOC to Enact Safeguards

Climate, public interest advocacy groups propose clear guidelines to better regulate nonbank financial institutions that threaten financial stability

New Report: US Banks’ Role in Capital Markets Reveals Hidden Pipeline for Fossil Fuel Financing

NEW YORK — A new report by the Sierra Club’s Fossil-Free Finance campaign on the role of big US banks in capital markets reveals a hidden pipeline for fossil fuel financing through the banks’ underwriting of bonds and equities for polluting companies.

Sierra Club Statement on House Financial Services Committee Hearings on ESG

'This crusade against sustainable investing is nothing more than a manufactured culture war backed by fossil fuel interests and dark money funders.'