Category: Businesses_KEY_TA ECO_INVEST_KEY

Bank funding for fossil fuels often brings dire threats to the lives and livelihoods of local communities around the world — harming Indigenous Peoples, Black and Brown communities, and poor and working-class communities first and worst. This map illustrates some of those projects, and just a few of the banks supporting each one.

Climate and Net-Zero Solutions helps investors make their portfolios more resilient to the transition to a net-zero economy and overall effects of a warming climate. It combines in one easy-to-use platform

What kinds of institutions are divesting?

These incredible results are made possible with help from you.
Join us in our efforts to protect our communities, climate and environment from the risks associated with outdated, climate-polluting energy. We are strongest when we stand together.

What kinds of institutions are divesting?

Many clean energy innovations available today – like wind, solar, and lithium-ion batteries – are starting to compete with the emissions-intensive technologies they were designed to replace. After decades of research, development, demonstration, and deployment, these technologies are now cheap enough for productive markets to help them get to scale.

The Carbon Underground 200™, compiled and maintained by FFI Solutions (formerly Fossil Free Indexes℠), identifies the top 100 coal and the top 100 oil and gas publicly-traded reserve holders globally, ranked by the potential carbon emissions content of their reported reserves.

Following the adoption of the Fossil Fuel Investment Principles by the Yale Board of Trustee in April 2021, the ACIR began its task of applying the Principles and recommending to the CCIR fossil fuel producers that should no longer be eligible for investment by the Endowment.

Founded in September 2019 at the UN Secretary General’s Climate Action Summit by Allianz, Caisse des Dépôts, La Caisse de dépôt et placement du Québec (CDPQ), Folksam Group, PensionDanmark, and SwissRe, the Net-Zero Asset Owner Alliance is convened by UNEP’s Finance Initiative and the Principles for Responsible Investment. The Alliance is supported by WWF and Global Optimism, an initiative led by Christiana Figueres, former Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC).

Decarbonizing our financial sector is critical for climate progress. The five largest US consumer banks—Bank of America, Citi, JP Morgan Chase, Wells Fargo, and TD Bank—funnel hundreds of billions of dollars annually into the oil, gas, and coal industries. The fossil fuel industry depends upon the capital from these banks to finance new infrastructure around the world, expanding their production at the expense of our collective well-being.