Instead of embracing bold climate solutions endorsed by the climate movement it relies on backward-looking propositions that prop up the dying fossil fuel industry
Climate change’s disproportionate impact on less developed countries will only worsen if finance institutions continue to pour billions of dollars into dirty fossil fuel projects.
ECAs (institutions that finance the international operations of corporations from their home country) are the largest public financiers of fossil fuel projects, spending 14 times as much on fossil fuels as clean energy.
A new report released by Friends of the Earth U.S. and Oil Change International reveals G20 countries have provided at least $77 billion a year in public finance to oil, gas and coal projects since the Paris Climate Agreement.
In a series of demonstrations after BlackRock’s annual shareholder meeting today, activists in New York City, San Francisco, and London staged socially distanced protests to criticize the financial giant’s failure to live up to its rhetoric on climate change.
Friends of the Earth U.S., Rainforest Action Network, Sierra Club, 350BK and Sunrise NYC delivered a letter signed by 47,000 supporters calling on JPMorgan Chase to remove former ExxonMobil CEO Lee Raymond from the bank’s Board of Directors during JPMorgan Chase’s Investor Day, today in New York City.
Everyone with an IRA or a 401(k) has the power to pressure investment firms to change their practices and stop funding the destruction of our planet and our communities. Deforestation Free Funds unleashes that power, for good.
A network of secretive, government-backed financial institutions called export credit agencies are handing more than $31 billion USD per year to the oil, gas, and coal industry, new analysis by Oil Change International and Friends of the Earth U.S. shows.
Senate approval of USMCA comes just as the Trump Administration signed a trade agreement with China in which China agrees to buy $52.4 billion of additional U.S. energy products, which will result in billions of dollars in exports of climate-damaging and community-poisoning liquefied natural gas, crude oil and coal.