Category Archives: In The News

Indigenous Women Leaders Warn Global Financial Companies to Stop Support for Tar Sands Oil

With key financial decision points looming on the Keystone XL, Line 3, and Trans Mountain pipelines, an open letter calls for policies respecting Indigenous rights and ruling out tar sands October 19, 2020 – This week, over 40 Indigenous women from communities impacted by tar sands sent an open letter to 70 major banks, insurers, and […]

JPMorgan Chase’s Paris Announcement Isn’t Enough

JPMorgan Chase Can’t Be Paris Aligned If It’s Still Funding Fossil Fuels  Members of Stop the Money Pipeline, a coalition of over 130 groups working to end the financing of climate chaos, respond to JPMorgan Chase’s “Paris-Alignment” announcement  JPMorgan Chase, the world’s largest banker of fossil fuels, announced this afternoon that it is committing to […]

Nationwide Protests at Financial Institutions Call for An End to Funding for Tar Sands Pipelines 

Activists target JP Morgan Chase, Liberty Mutual, and BlackRock for funding the Line 3, Trans Mountain, and Keystone XL Pipelines  Dozens of events took place across the country today as part of “Stop Funding Tar Sands: Day of Solidarity with Frontline Communities,” an international day of demonstrations against the financing of tar sands pipelines that […]

BlackRock is getting swarmed, all around the world

This week saw grassroots actions against the firm in Palo Alto, Los Angeles, Boston and New York. CEO Larry Fink’s media response was predictable, and unacceptable. More this week! The September Swarm against BlackRock is on! Activists gathered in Palo Alto and Boston and called on BlackRock to stop funding the climate emergency, forest destruction […]

Financial Regulators Must Do More to Address Climate Risk

This morning, the Commodity Futures Trading Commission issued its report on the risks that the climate emergency poses to the financial system. The report, Managing Climate Risk in the U.S. Financial System, warns of the grave threats that climate change poses to financial markets and institutions. It fails to mention, however, the threat that financial […]

Wall Street and Fossil Fuel Companies Are Funding Police Violence

One of our Stop the Money Pipeline coalition partners, the Public Accountability Initiative, just released a new report that maps how major financial institutions and fossil fuel corporations are funding police foundations in cities across the United States. As The Guardian explains in an article about the report: Big corporations accused of driving environmental and […]

Morgan Stanley’s Climate Commitment Needs to Go Further

New York, NY — Morgan Stanley announced today that it will become the first major American bank to track and report the greenhouse gas emissions from its loans and investments as part of the bank’s own contribution to the climate crisis. According to reporting by Politico, Morgan Stanley will join the Partnership for Carbon Accounting […]

“Defund the Police” and “Divest from Fossil Fuels” Go Hand-In-Hand

This blog post was written by two Stop the Money Pipeline steering committee members, Moira Birss, Climate & Finance Director at Amazon Watch, and Jamie Henn, coordinator of the STMP communications working group.  Should climate activists get behind defunding the police?  It’s a question that’s being asked across the climate justice movement as the Movement […]