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Author Archives: Jackie Fielder

Inside Climate News: Costco Members Welcome New CEO With a Party

Costco Members Welcome New CEO With a Party—and a Demand to Drop Citibank Activists pressing the retailer to stop partnering its credit card with the world’s second-biggest fossil fuel financier test whether big companies can push banks to divest from oil, gas and coal. By Keerti Gopal for Inside Climate News January 18, 2024

Costco receives climate petition over links to Citi

Media contacts:  Judith Crosbie judith.crosbie@sunriseproject.org  9295843344 In Issaquah: Caroline Henderson 6033557039 Climate action at Costco HQ to take place at: 8.45am (Pacific Time) 730 lake drive, Issaquah   MEDIA STATEMENT Costco to receive climate petition over links to Citi as new data shows spike in Costco’s carbon cash footprint Costco shoppers, shareholders and climate activists […]

Treasury issues principles for financial climate transition plans

FOR IMMEDIATE RELEASE September 20, 2023 Contact: Jackie Fielder, jackie@stopthemoneypipeline.com   Climate groups respond to Treasury’s principles for climate transition plans   WASHINGTON D.C. – Yesterday, Treasury Secretary Janet Yellen unveiled Principles for Net-Zero Financing & Investment and received a range of disappointed responses from members of Stop the Money Pipeline coalition.  In the spring, […]

Memo: Federal Reserve Ignoring Systemic Climate Financial Risks

Memorandum: Federal Reserve Ignoring Systemic Climate Financial Risks Re: Omitting biggest growing structural shift in global economy recipe for disaster Date: Wednesday, August 23, 2023 Contact: Eren Ileri,  erencan.ileri@sunriseproject.org   The Federal Reserve Bank of Kansas City is set to host its 45th annual Economic Policy Symposium titled “Structural Shifts in the Global Economy” in Jackson Hole, Wyoming, starting […]

New Treasury Climate Counselor Must Act Immediately to Address Climate Financial Risk and Climate Finance

FOR IMMEDIATE RELEASE July 28, 2023 Contact: Jackie Fielder, jackie@stopthemoneypipeline.com New Treasury Climate Counselor Must Act Immediately to Address Climate Financial Risk and Climate Finance WASHINGTON D.C. – Today, members of the Stop the Money Pipeline coalition reacted to the news of Ethan Zindler’s appointment to serve as Climate Counselor to Secretary Janet Yellen and to lead the Treasury […]

Climate groups urge Treasury to hold Wall Street accountable for transition plans in light of investor pressure

FOR IMMEDIATE RELEASE Wednesday, May 17, 2023 Contact: Jackie Fielder, jackie@stopthemoneypipeline.com   Climate groups urge Treasury to hold Wall Street accountable for transition plans in light of investor pressure WASHINGTON D.C. – In light of the results at the 2023 shareholder season of major US Banks, environmental and consumer advocacy groups in the Stop the […]

Gulf South leaders ask Treasury: “Where’s our bailout?”

March 27, 2023 Press contact: Jackie Fielder, jackie@stopthemoneypipeline.com Gulf South leaders ask Treasury: “Where’s our bailout?” Washington, D.C. — This afternoon, Black, Indigenous, and environmental justice leaders from the Gulf South who are fighting in the courts and at FERC against Liquified Natural Gas (LNG) and petrochemical projects in their backyards, sent a letter to […]

Investors file climate shareholder resolutions at major US and Canadian banks

FOR IMMEDIATE RELEASE January 24, 2023 Contact: Jackie Fielder, jackie@stopthemoneypipeline.com   Stop the Money Pipeline coalition members respond to investors filing climate shareholder resolutions at major US and Canadian banks Resolutions call for top banks and insurance companies to make significant progress on their climate commitments; will require support from major asset managers and other […]

Fed taps six largest US banks for pilot climate scenario analysis

FOR IMMEDIATE RELEASE September 29, 2022 Media contact: Jackie Fielder, jackie@stopthemoneypipeline.com   Fed taps six largest US banks for pilot climate scenario analysis Today the Federal Reserve announced that Wells Fargo, Bank of America, Citigroup, Morgan Stanley, Goldman Sachs, and JP Morgan Chase will be participating in a climate scenario analysis that “will help identify […]

Banks threaten to abandon climate commitments; bank CEOs grilled in Congressional hearing

FOR IMMEDIATE RELEASE September 21, 2022 Media contact: Jackie Fielder, jackie@stopthemoneypipeline  Climate groups excoriate banks for threatening to abandon climate commitments; bank CEOs grilled in Congressional hearing Today Financial Times, Reuters and Bloomberg reported that JPMorgan Chase & Co., Morgan Stanley, Bank of America and other unnamed US banks are threatening to leave the Glasgow […]