As organizations dedicated to preventing the worst impacts of climate change and to forging a more just and equitable society, we were pleased to see President Biden issue his Executive Order (EO) on Climate-Related Financial Risk on May 20, 2021. This important EO—the first ever to address the intersection of financial risk and climate policy—directed administration officials to develop a series of plans, strategies and actions to address the nexus of these issues. Among these plans is a government-wide strategy on addressing climate financial risk to Federal programs and financing the transition to a “net zero” economy.

This unprecedented attention to private sector finance of climate chaos could not have happened without the Stop the Money Pipeline coalition and our partners. This is a great accomplishment but plenty more work and grassroots pressure will be needed to see it through. Browse through our ongoing journey of pressuring the Biden Administration to end the flow of money to fossil fuels, deforestation, and human rights abuses.

Treasury issues principles for financial climate transition plans
New Treasury Climate Counselor Must Act Immediately to Address Climate Financial Risk and Climate Finance
Climate groups urge Treasury to hold Wall Street accountable for transition plans in light of investor pressure
Fed taps six largest US banks for pilot climate scenario analysis
Banks threaten to abandon climate commitments; bank CEOs grilled in Congressional hearing
Celebrate the Inflation Reduction Act. Then Double Down on Demonizing Fossil Fuels.
The Fed Should Not Punish Working People for Inflation Driven by Big Oil’s Greed (Akiksha Chatterji in Common Dreams)
Toxic Money Webinar 7.28.22: Using Financial Regulation to Fight for Racial, Housing, and Climate Justice
Treasury building in Washington, D.C. on a cloudy day.
Climate groups respond to news of FSOC Climate Hub
Climate groups respond to Yellen statement on FSOC and climate
Indigenous leaders and climate groups respond to West Virginia vs. EPA
Blog: What Biden should have talked about last week with Fed Chair Powell
Climate groups blast ALEC for legislation against fossil fuel divestment and regulation
Stop the Money Pipeline Groups React to Biden’s Federal Reserve Chair Nominations
US lags further after British Treasury issues new fossil fuel finance standards
Climate groups respond to FSOC report on Climate-Related Financial Risk
Expectations for President Biden’s Climate-Related Financial Risk Strategy
Stop the Money Pipeline Responds to Senators’ Letter to Head of Treasury’s New Climate Hub
Shady Wall Street Vet leaves Biden Administration After Stop the Money Pipeline Groups Send Letter to Kerry
Press Release: Stop The Money Pipeline Coalition Responds to Biden’s Executive Order on Climate-Related Financial Risk
Stop The Money Pipeline Coalition Issues Statement Ahead of Biden’s Executive Order on Climate-Related Financial Risk 
New Treasury Climate Counselor Must Act Immediately to Address Climate Financial Risk
A Biden Administration Can Pressure Wall Street to Stop Funding Climate Destruction

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