Author Archives: Jackie Fielder

Fed taps six largest US banks for pilot climate scenario analysis

FOR IMMEDIATE RELEASE September 29, 2022 Media contact: Jackie Fielder, [email protected]   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, [email protected]  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 […]

Investors: banks failing climate goals

Billows of smoke rise over hazy industrial landscape

FOR IMMEDIATE RELEASE July 28, 2022 Contact: Jackie Fielder, [email protected]   Climate groups respond to bombshell investor report on banks’ climate goals  Today the Institutional Investors Group on Climate Change (IIGCC) dropped a bombshell report that found 27 giant banks in North America, Europe, and Asia are failing the climate goals of the Paris Agreement. […]

Climate groups respond to news of FSOC Climate Hub

Treasury building in Washington, D.C. on a cloudy day.

FOR IMMEDIATE RELEASE July 28, 2022 Contact: Jackie Fielder, [email protected]   Climate groups respond to news of FSOC Climate Hub   Today in its regular meeting, the Financial Stability Oversight Council, or FSOC, announced that the Office of Financial Research has launched a new Climate Data and Analytics Hub pilot program, “a new tool to […]

Climate groups respond to Yellen statement on FSOC and climate

FOR IMMEDIATE RELEASE July 19, 2022 Contact: Jackie Fielder, [email protected]   Climate groups respond to Yellen statement on FSOC and climate In Bali last Saturday, Treasury Secretary Janet Yellen told reporters that the Financial Stability Oversight Council (FSOC) is “not really a direct tool to address climate change.” This directly contradicts earlier commitments made by […]

Indigenous leaders and climate groups respond to West Virginia vs. EPA

Contact: Jackie Fielder, [email protected] Today the U.S. Supreme Court issued a rule that limits the EPA’s ability to regulate greenhouse gasses from the power sector using a specific provision of the Clean Air Act. Earlier this year, the Intergovernmental Panel on Climate Change stated that existing and planned fossil fuel projects are more than the […]

IEA says oil & gas spending “is too high”

FOR IMMEDIATE RELEASE  June 22, 2022 Contact: Jackie Fielder, [email protected] Stop The Money Pipeline Coalition Responds to IEA’s Energy Report Today the International Energy Association (IEA) issued its seventh World Energy Investment (WEI) report, which includes an assessment of the adequacy of investment flows and commitments to meet the goal to limit the rise in […]

Shareholder Season 2022 Wrap Up

This shareholder season, STMP launched the Wall Street’s Moment of Truth – People or Fossil Fuels campaign to push investors to support climate action at banks and insurance companies. Shareholder, or “AGM” (annual general meeting) season is a period roughly between April and June when publicly-traded companies hold their annual shareholder meetings. At these meetings, […]

MEMO: One year since President Biden’s Executive Order on Climate Finance, progress is minimal 

FOR IMMEDIATE RELEASE Monday, May 23, 2022 Contact: Jackie Fielder, [email protected]   MEMO: One year since President Biden’s Executive Order on Climate Finance, progress is minimal    One year ago, President Biden issued an executive order that solidified the administration’s commitment to using all of the federal government’s resources and authority to combat the threat […]

Response to Bank of America’s new 2030 climate targets

FOR IMMEDIATE RELEASE April 13, 2022 Press contact: Jackie Fielder, [email protected]   Stop the Money Pipeline coalition responds to Bank of America’s new 2030 climate targets NEW YORK — Today Bank of America announced its 2030 climate targets that sidestep reductions in greenhouse gas emissions and opt for reductions in carbon intensity. Despite today’s commitment […]