Category Archives: Press Release

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 […]

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. […]