Last week, the 2023 Banking on Climate Chaos report was released and well… let’s just say it isn’t pretty. Last year, fossil fuel companies made $4 trillion in profit, the highest ever, but banks still showered them with billions. In all, big banks provided $673 billion to fossil fuel companies in 2022.
Next Monday, Bank of America, Citibank, and Wells Fargo hold their most important meetings of the year ― their annual shareholder meetings where investors will vote on a series of critical climate resolutions.
At the annual shareholder meetings, investors will vote on resolutions that would push the banks to phase-out fossil fuel expansion financing, stop greenwashing, and respect the rights of indigenous peoples.
But the banks have been campaigning against the resolutions, urging their investors to oppose every single one of the climate and Indigenous rights resolutions that have been filed by shareholders.
Sent via ActionNetwork.org. To update your email address, change your name or address, or to stop receiving emails from Stop The Money Pipeline, please click here.
This website uses cookies to provide and improve its services. By continuing to use this website, you consent to our use of cookies. If you do not consent, please view our Cookie Policy for more information.Dismiss