San Francisco –– A coalition of dozens of activists and community leaders rallied at the annual JPMorgan Healthcare Conference to hold the world’s worst funder of fossil fuels, JPMorgan Chase, accountable for its financing practices. The rally comes just one business day following the launch of Stop the Money Pipeline, a major new activist effort going after the financial industry’s funding of climate destruction.  The action, led by Indigenous community leaders, entailed a round dance as demonstrators…

Today a group of shareholders, coordinated by ShareAction, have taken formal action at Barclays, asking the bank to phase out its financing of fossil fuel companies that are active agents in driving the climate crisis.  11 institutional investors managing over GBP130 billion including Brunel Pension Partnership, LGPS Central, Sarasin & Partners and Folksam Investors have filed a shareholder resolution at Barclays alongside over 100 individual…

As we approach the end of 2019 and head into a new decade, it's time to take a moment to reflect on the year gone by and consider the challenges to come. We've compiled ten of our 2019 highlights below, to celebrate what we’ve achieved this year, as always working closely together with many allies around the world. While we're proud of these achievements, the challenges we all face for 2020 feel immense. The next decade, and the next few years in particular, are make-or-break for climate change, as we know from the UN's Special…

Today Standard Chartered has announced that it will withdraw from the lending consortia for three new coal-fired power plant projects. The move was applauded by NGOs which have been calling on the London and Hong Kong-headquartered bank to do so since it introduced a prohibition on direct financing for new coal-fired power plants in September 2018, yet chose to remain in the three projects, two of which are located in Vietnam. 1 Standard Chartered’s announcement also includes a new coal phase-out commitment covering all financial products…

Today, Goldman Sachs announced the strongest fossil finance restrictions of any major U.S. bank, though it still lags behind its leading global competitors. It also remains far from alignment with what is needed to limit climate change to 1.5 degrees Celsius. Goldman Sachs has ruled out direct finance for new or expanding thermal coal mines and coal-fired power plant projects worldwide, as well as direct finance for new Arctic oil exploration and production. The policy makes explicit mention of protecting the Arctic National Wildlife Refuge.…

After climate activist Greta Thunberg used her speech at the COP25 Climate Conference to highlight the role of banks in financing the climate crisis, a new assessment by BankTrack released today reveals that none of the world’s largest bank fossil fuel financiers have policies and timelines in place to phase out their financing for the fossil fuel industry (coal, oil and gas), despite ever more urgent calls for decisive action on the climate emergency. While the 25th UN Climate Summit (COP25) takes place in Madrid, BankTrack has written to…