Almost 150 climate protesters were arrested in New York for blocking the Federal Reserve entrance in a call for financial regulators to curb fossil fuel funding. The act of civil disobedience—one of New York’s largest in a decade—followed Sunday’s estimated 75,000-person March to End Fossil Fuels, which urged Biden to phase out fossil fuels. The Fed protest adds to a growing push for climate accountability from central banks and financial regulators. The momentum continues today as protesters target Bank of America, the third largest financier of fossil fuels.
- 401kSpecialist: American Airlines Pushes Back on Amended ESG Complaint
- ABC7NY: Climate change protesters set to demonstrate outside Bank of America in Bryant Park in New York City
- The American Prospect: The Federal Reserve Could Be a Powerful Weapon Against Climate Change
- Bloomberg: Watch Climate Change Should Not be Litigated: Chevron CEO | Janet Yellen Is Running Out of Time to Make a Difference on Climate
- Bloomberg Law: Asset Managers Rebuffed as EU Cracks Down on Use of ‘ESG’ (1)
- Carbon Pulse: TNFD calls for adoption of final recommendations following launch
- CNBC: Yellen’s UN week agenda: Food prices, climate change and global aid | California suit against Chevron, Exxon, Shell, others, alleges public deception on climate change
- FactSet: Lowest Number of S&P 500 Companies Citing “ESG” on Earnings Calls Since Q2 2020
- Financial Times: Investors urge greater scrutiny of climate funding tools
- FinTech Global: California Governor pledges to endorse landmark climate disclosure acts
- Fortune: COP 28 president: ‘It’s time to transform climate finance–and bridge its $2.4 trillion gap’
- Fox Business: Multiple people arrested in NYC at climate change protest on Wall Street
- The Guardian: Climate activists block Federal Reserve bank, calling for end to fossil fuel funding
- Harvard Law School Forum on Corporate Governance: 2023 Proxy Season Digest
- Impact Alpha: With laws and lawsuits, California’s Gavin Newsom takes on Big Oil
- The Independent: More than half of shoppers prepared to boycott greenwashing firms, poll suggests
- Inside Climate News: More Than 150 Protesters Arrested in New York City While Calling on the Federal Reserve to End Fossil Fuel Financing
- International Finance Law Review: Don’t ignore the G
- Investments & Pensions Europe: ESG and private markets’ high fees are ‘real barrier’ for DC schemes, says WTW
- Mondaq: United States: California Jumps The Line Ahead Of The SEC And Enacts Two Significant Climate Disclosure Bills
- NBC News: California sues five oil companies over climate change
- Reuters: UK offers $300 mln guarantee for Asia and Pacific climate fund
- Forbes: The Looming Cost Of Climate Change: Home Insurance Premiums On The Rise | A Perfect Storm: Insurers Need To Step Up To Drive Climate Action
- The Hill: Forget about politics: ESG is critical to tackling climate change and securing our economy
- Marin Independent Journal: California Voice: State needs companies to fully disclose climate risks
- Professional Adviser: Ethical investing concerns: Has ESG gone off the rails?
- New York Communities for Change shared a video: “No oil, no gas! Fossil fuels can kiss my a**!” Blocking the entrances to the @federalreserve as arrests happen. The Fed is SHUT DOWN. We need policies to protect the climate and communities, stop fossil fuels, not subsidies and bailouts for fossil fuels!
- BankTrack shared a report: New 🚨 Banktrack & @Toxic_Bonds on why banks like @Barclays should stop underwriting @AdaniOnline bonds 👇
- September 17-24: Climate Group Climate Week NYC. View the list of events here.
- September 19: Return on Investment: How to Maximize Historic U.S. Climate Legislation – NYC Climate Week 2023. From Ceres. Register here.
- September 19: Sustainable Investment Forum North America. Register here.
- September 20: UN Climate Ambition Summit and SEC Investment Company Names Rule.
- September 25-26: Insure Our Future Campaigning Academy ’23.