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Category Archives: In The News

STMP Blog: Citi’s Sustainability Team is a Greenwashing Machine

Last week, two Citibank customers and I met with some of Citi’s top Sustainability leadership: Val Smith, the Head of Sustainability, and Nasser Malik, the Corporate Banking Head of Sustainability and Corporate Transitions.  Unfortunately, Citi’s leadership are spewing the same talking points we’ve heard for months. It’s becoming more and more clear: Citi’s sustainability team […]

Fed taps six largest US banks for pilot climate scenario analysis

FOR IMMEDIATE RELEASE September 29, 2022 Media contact: Jackie Fielder, jackie@stopthemoneypipeline.com   Fed taps six largest US banks for pilot climate scenario analysis Today the Federal Reserve announced that Wells Fargo, Bank of America, Citigroup, Morgan Stanley, Goldman Sachs, and JP Morgan Chase will be participating in a climate scenario analysis that “will help identify […]

Banks threaten to abandon climate commitments; bank CEOs grilled in Congressional hearing

FOR IMMEDIATE RELEASE September 21, 2022 Media contact: Jackie Fielder, jackie@stopthemoneypipeline  Climate groups excoriate banks for threatening to abandon climate commitments; bank CEOs grilled in Congressional hearing Today Financial Times, Reuters and Bloomberg reported that JPMorgan Chase & Co., Morgan Stanley, Bank of America and other unnamed US banks are threatening to leave the Glasgow […]

“Blame Wall Street” for Role in Climate Disaster

*FOR IMMEDIATE RELEASE* Thursday, September 8, 2022 Contact: Shawna Foster, shawna@ran.org 402-214-3014 “Blame Wall Street” for Role in Climate Disaster New campaign to highlight financial systems structural role in extreme weather, pollution and climate crisis Lethal heat waves. Wildfires. Hurricanes. Flooding.  Wall Street is fueling extreme weather events around the globe by funneling billions of […]