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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Hero of the Week: Tracy Danzey Who Walked Across Denmark In Protest

Hero of the Week: Tracy Danzey Who Walked Across Denmark In Protest

Earlier this week, we attended a DC screening of the excellent movie starring Mark Ruffalo entitled “Dark Waters” that opens today in theaters and were impressed with all the real-life heroes portrayed in the film.  And then we heard about Tracy.  Tracy was born and raised in Parkersburg, WV, (the setting for the film) where […]

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