January 21 2020, Davos, Switzerland Banks and pension funds with CEOs attending the World Economic Forum Annual Meeting in Davos are collectively financially exposed to fossil fuel companies to the tune of US$1.4 trillion. Also represented at the gathering of the world’s most powerful are five of the worst insurance companies for coal coverage. These are the findings of “It’s the finance sector, stupid,” a new Greenpeace International report.  Greenpeace International analysed which banks, pension funds and insurers…

AMSTERDAM, 20 January 2020 - The Dutch National Contact Point for the Organization of Economic Co-operation and Development (OECD) today declared a complaint from three Friends of the Earth groups (Milieudefensie (Netherlands), SDI (Liberia) and WALHI (Indonesia)) against Dutch bank ING admissible. This complaint is unique in that for the first time a company is accused of ‘contributing to’ rather than being merely ‘linked to’ wrongdoing. The complaint is supported by several other international organizations ReAct, Fian…

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…