Wells Fargo and Citigroup Vote to Keep Financing Fossil Fuels
The three banks have rejected shareholder resolutions to make their lending practices consistent with climate targets.
Source: newrepublic.com
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Over 100 Organizations Escalate International Climate Campaign on Vanguard
Today, in an open letter to Vanguard CEO Tim Buckley, over 100 organizations representing over 6 million people called on the world’s second-largest asset manager to enact the visionary financial leadership that is needed to meet the scale and urgency of the climate crisis. The letter comes with the launch of Vanguard S.O.S.
Source: pressreleasepoint.com
CNN Gives Climate Activists Platform To Pressure Banks To Divest From Fossil Fuels
A CNN article over the weekend cited left-wing climate reports and activists active in pressuring the financial sector to abandon fossil fuel projects.
Source: dailycaller.com
Republicans Say "Woke" Wall Street Is Boycotting Fossil Fuels. The Numbers Prove Otherwise.
State GOP lawmakers are pushing bills to blacklist financial institutions that make net-zero pledges, but a new report shows that banks’ promises don’t match their balance sheets.
Source: newrepublic.com
Five key takeaways from SEC's proposal for climate disclosures
The commission issued a 500-plus-page proposed rule Monday that would mandate corporate disclosure of greenhouse gas emissions.
Source: financial-planning.com