Category Archives: In The News

Stop the Money Pipeline coalition members respond to Citigroup’s new climate targets

FOR IMMEDIATE RELEASE  *Interviews available  January 19, 2022  Contact: Jackie,  [email protected]   Stop the Money Pipeline coalition members respond to Citigroup’s new climate targets   NEW YORK — Today Citigroup launched its initial roadmap to achieve net-zero in its energy and power portfolios. With these targets, Citigroup becomes the first major US bank to set […]

Stop the Money Pipeline coalition members respond to Goldman’s new climate targets

FOR IMMEDIATE RELEASE  *Interviews available  December 16, 2021  Contact: Jackie Fielder, [email protected]   Stop the Money Pipeline coalition members respond to Goldman’s new climate targets NEW YORK — Today Goldman Sachs launched an updated climate report with targets that sidestep reductions in greenhouse gas emissions and opt for reductions in carbon intensity. Despite today’s commitment […]

Climate groups blast ALEC for legislation against fossil fuel divestment and regulation

FOR IMMEDIATE RELEASE December 13, 2021 Contact: Jackie Fielder, [email protected]   Climate groups blast ALEC for legislation against fossil fuel divestment and regulation SAN FRANCISCO — On December 3rd, the Center for Media and Democracy reported that the American Legislative Exchange Council voted to support two pieces of model legislation attacking fossil fuel divestment titled […]

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 […]