Most shareholders at Citigroup, Wells Fargo and Bank of America did not support a resolution that called for an end to the financing of new fossil fuel
"Frankly, every dollar invested in Russian oil and gas supports Putin's war of aggression," said Grace Regullano, a senior strategist with Bank On Our Future.
Nipped in the Bud politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.
Canadian Banks Have an Outsized Impact on Global Fossil Fuel Financing
We pledged to reduce emissions by 30 per cent by 2030, but will financial institutions undermine this goal?
Michelle Gamage is a Vancouver-based journalist with an environmental focus who regularly reports on climate for The Tyee. You can find her on Twitter @Michelle Gamage. SHARES The Banking on a Better Future movement launched April 1.
Photo by Joshua Best.
When 18-year-old climate activist Naisha Khan wants to start a conversation about how banking fuels climate change, she asks someone how they think their bank makes money to pay them interest each month.
Citibank, JP Morgan and Chase, and other big banks are spending trillions on fossil fuel projects vox.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vox.com Daily Mail and Mail on Sunday newspapers.