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Showing posts with the label Activism

After a long slog, climate change lawsuits will finally put Big Oil on trial

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  32 lawsuits now target fossil fuel companies over climate damage. After years of legal appeals and delays, some oil companies are set to stand trial in lawsuits brought by state and local governments over the damages caused by climate change. Meanwhile... Read More

The 'climate quitters' ditching corporate roles

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  A growing number of workers are making the decision to walk out of companies whose environmental values don't align with their own. Read  more...

Why environmentalists went after Canada's biggest bank for alleged greenwashing

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RBC denies allegations and insists it is committed to net zero Jaela Bernstien  · CBC News · Posted: Oct 16, 2022 4:00 AM ET  Original  article here Kukpi7 (Chief) Judy Wilson of the Skat’sin te Secwepemc-Neskonlith Indian Band stands defiantly in front of an RBC branch in downtown Montreal. Wilson is part of a movement to hold banks accountable for funding the fossil fuel sector. (Jaela Bernstien/CBC) Standing in the rain in downtown Montreal, Kukpi7 (Chief) Judy Wilson lifts her fist in defiance outside a branch of the Royal Bank of Canada. Wilson's gesture goes largely unnoticed by the shoppers who hurry past, but her efforts to hold banks accountable on financing fossil fuels have certainly caught the attention of Canadian regulators. Wilson, based in south central British Columbia, is the chief of the Skat'sin te Secwepemc-Neskonlith Indian Band and the secretary-treasurer for the Union of British Columbia Indian Chiefs (UBCIC).  ...

How shareholders are pushing big banks for climate action

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  So far, many financial institutions have avoided decisive measures. But the pressure from activist shareholders isn’t going away. Credit...Patrick Semansky/Associated Press   By  Manuela Andreoni May 10, 2022 Original article here It’s hard to live without banks. But having an account often ties our money to the conveyor belt of global finance — and its effects on the climate. Take Citigroup, which owns Citibank, for example. The market research firm YouGov ranks Citibank  among the most popular banks in the United States . It’s also the world’s second-largest financier of fossil fuels, according to a  recent report by the Rainforest Action Network , an environmental group. Early last year, like many other financial institutions, Citigroup committed to stop adding greenhouse gasses to the atmosphere and to become carbon neutral by 2050. But when a small group of shareholders introduced a proposal pressing the bank to stop financing new fos...