Wall Street's Oil Deals Have Climate Activists Resorting to New Tactics

robot
Abstract generation in progress

Climate activists are shifting their strategy after finding that their previous reputation-damaging protests against financial institutions funding fossil fuels have been ineffective. Despite widespread protests in 2024, banks like Citigroup Inc., JPMorgan Chase & Co., and Wells Fargo & Co. have increased their financing for fossil fuel deals. Activists now plan to target banks’ revenue streams by persuading clients to switch to greener competitors and pressuring municipal governments to withhold bond deals from banks with weak net-zero goals.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)