Divestment

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Majority of Americans want government to rein in Wall Street’s climate destruction through fossil fuel funding

A new poll released Monday shows that large majorities of voters in the United States want the federal government to bolster its regulation of big banks, insurers, and other financial institutions to prevent climate-driven economic crises. By Kenny Stancil Common Dreams As Common Dreams has reported in the past month, recent studies have shown that Wall Street is a […]

April 13th

The role of the banking industry in financing fossil fuel projects is under increasing scrutiny and opposition

Last week we observed a tweet from Konstantin Kisin getting shared around by a bunch of the usual suspects in denier Twitter. Kisin disapprovingly quote-tweeted a video of a climate protest showing seven women (in suffrage movement colors) protesting Barclay’s position as the biggest financier of fossil fuels in Europe, and seventh biggest in the world, early Wednesday […]

You think clean energy is expensive? Banks have poured $3.8 TRILLION into fossil fuels in past 5 years

A detailed new report released Wednesday morning by a coalition of environmental groups shows that the 60 largest banks in the world have poured more than $3.8 trillion into the fossil fuel industry since the Paris climate accord was adopted in 2015, providing key financing for destructive projects ranging from coal-fueled power plants in Indonesia to Enbridge’s Line 3 tar […]

March 25th

Corporate climate Pledges are failing the planet – AND investors

Underscoring expert warnings about the inadequacy of current global pledges to cut planet-heating emissions, the world’s largest climate-focused investor initiative released an analysis Monday detailing how the biggest corporate polluters are falling short in terms transitioning to net-zero businesses by 2050 or sooner. By Jessica Corbett Common Dreams After sending letters last September to companies responsible for the most greenhouse […]

March 23rd

NYC Pension Funds beings historic divestment, pulls $4 billion from fossil fuels

Today, New York City’s largest pension funds voted to initiate full fossil fuel divestment, selling off an estimated $4 billion of holdings in fossil fuel corporations, such as ExxonMobil. New York City’s announcement fulfills its commitment to divest from fossil fuels. The city’s pension funds, valued at $239 billion are the largest municipal pension funds to divest globally. By […]

January 25th