Author Archives: Jackie Fielder

Stop the Money Pipeline Groups React to Biden’s Federal Reserve Chair Nominations

FOR IMMEDIATE RELEASE November 22, 2021 Contacts: Jackie Fielder, [email protected] Climate and finance groups react to Biden’s Federal Reserve Chair Nominations WASHINGTON DC — Today, President Joe Biden announced the re-nomination of Jerome Powell as Federal Reserve Chair, and Lael Branaird as Vice Chair. The White House also said today it plans to fill three […]

Climate groups call out banks lobbying for watered down Net Zero Commitments

FOR IMMEDIATE RELEASE November 9, 2021 Contact: Jackie Fielder, [email protected]      Climate groups call out banks lobbying for watered down Net Zero Commitments Stop the Money Pipeline organizations respond to news that on behalf of a group of 12 banks, HSBC lobbied Mark Carney’s GFANZ to scrap mandatory science-based targets and delay a deadline NEW […]

Climate groups respond to Climate Finance Day announcements at COP26

FOR IMMEDIATE RELEASE November 3, 2021 Contact: Jackie Fielder,  [email protected] Climate groups respond to Climate Finance Day announcements at COP26 Stop the Money Pipeline organizations respond to Morgan Stanley’s new 2030 targets, the British Treasury’s new requirements GLASGOW — Today, private and public institutions released new net zero targets and strategies on “Climate Finance Day” […]

US lags further after British Treasury issues new fossil fuel finance standards

FOR IMMEDIATE RELEASE: November 3, 2021 Contact: Jackie Fielder, (562) 313-2324, [email protected]     Jason Schwartz, (347) 452-3752, [email protected] US lags further after British Treasury issues new fossil fuel finance standards GLASGOW — Today UK Chancellor of the Exchequer, Rishi Sunak, announced new requirements for firms to publish net zero transition and decarbonization plans in […]

Climate groups: Mark Carney’s GFANZ $130 Trillion in Net Zero Commitments ignores fossil fuel financing

FOR IMMEDIATE RELEASE  November 3, 2021  Contact: Jackie Fielder,  [email protected]      Climate groups: Mark Carney’s GFANZ $130 Trillion in Net Zero Commitments ignores fossil fuel financing Climate groups have recently pushed back on GFANZ for loopholes in net zero framework   GLASGOW — Today the Glasgow Financial Alliance for Net Zero (GFANZ) announced in its […]

Climate groups respond to FSOC report on Climate-Related Financial Risk

FOR IMMEDIATE RELEASE  *Interviews available  October 21, 2021  Contact: Jackie Fielder,  [email protected] Stop the Money Pipeline coalition members respond to FSOC report on Climate-Related Financial Risk WASHINGTON, D.C. — On Thursday, the Financial Stability Oversight Council (FSOC), chaired by Treasury Secretary Janet Yellen, issued an unprecedented report on climate-related financial risk. The report is the […]

A Review of New Bank Climate Commitments ahead of UN Climate Change Conference

With less than two weeks until the start of the Glasgow Climate Talks, Stop the Money Pipeline is preparing to turn up the heat on banks during the youth-led October 29th Fossil Free Future day of action. Though the banks will never admit it, years of pressure has pushed a number of major Canadian and […]

STMP responds to JP Morgan Chase joining Net-Zero Alliance

FOR IMMEDIATE RELEASE October 8, 2021 Contact: Jackie Fielder, [email protected] Stop the Money Pipeline Responds to JP Morgan Chase joining Net-Zero Alliance Today, JP Morgan Chase updated its Environmental and Social Policy Framework, demonstrating its new membership in the Net Zero Banking Alliance ahead of COP26 climate talks in Glasgow, Scotland. Just under two weeks […]

Global Finance Sector Greenwashing Press Briefing

Global Finance Sector Greenwashing Press Briefing 28 September 2021 Financial institutions provide the capital and financial services — from banking to insurance — which keep the dirty energy economy going.  After years of pressure from civil society, financial institutions began to adopt policies to restrict their support to some parts of the coal industry in 2015. […]

BofA renews funding for Line 3 company while sponsoring New York Climate Week

FOR IMMEDIATE RELEASE September 23, 2021 Contact: Jackie Fielder, [email protected] Bank of America renews funding for Line 3 pipeline company while sponsoring New York Climate Week The “sustainability-linked” loan demonstrates serious greenwashing loopholes in private sector climate pledges ahead of COP26 NEW YORK — The theme of this year’s New York Climate Week is “getting […]