State Treasurers Threaten to Pull Assets Out of Banks that Divest from Fossil Fuels

State Treasurers Threaten to Pull Assets Out of Banks that Divest from Fossil Fuels

American financiers are moving to divest from fossil fuels to help the U.S. reach net-zero carbon emissions, but some state Republicans are fighting back. Fifteen Republican state treasurers are now threatening to pull hundreds of billions of dollars worth of assets from large financial institutions if they move forward decarbonizing their portfolios per a letter they wrote to Climate Envoy John Kerry. 

Why This Matters: Banks and financiers have invested billions in destructive environmental practices. Deforestation funded by the world’s largest banks increased in 2020 despite COVID-19.

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The Paris Agreement at 5: A Global Commitment

The Paris Agreement at 5: A Global Commitment

When the Paris Agreement was ratified in 2015, it marked the first truly global agreement to address human-caused climate change. The agreement required 195 countries to come together and hammer out issues that historically plagued climate negotiations.

Why this Matters: It’s not an overstatement to say how we tackle global climate change determines the future health and stability of the planet.

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