Investors at Major Banks Strike Down Climate Resolutions

Investors at Major Banks Strike Down Climate Resolutions

On April 26, 2022, investors at Citi, Wells Fargo, and Bank of America struck down resolutions that would get the banks to stop financing new fossil fuel developments in alignment with their pledges to get to net-zero by 2050.

» Sign up for our newsletter KnowThis to get the biggest stories of the day delivered straight to your inbox: https://go.nowth.is/knowthis_youtube » Subscribe to NowThis Earth: https://www.youtube.com/channel/nowhisearth At Citi, approx 13% of investors supported the resolutions, while approx 11% supported the measures at Wells Fargo and Bank of America.

The good news?

This is still unprecedented support for the climate movement.

And since all of the measures had more than 10% support, they’ll have to be revisited next year.

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