Bank of America, Citigroup, and Wells Fargo Vote to Keep Financing Fossil Fuels ...Middle East

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In the years since the Paris Agreement on climate change was brokered, Citigroup, Wells Fargo, and Bank of America have poured a combined $789 billion into fossil fuels, including $119 billion last year alone. On Tuesday morning, shareholders in each of those banks tried to change that. Shareholder resolutions introduced at each of the three banks’ Annual General Meetings this morning proposed, that, by the end of this year, the banks adopt “proactive measures to ensure that the company’s lending and underwriting do not contribute to new fossil fuel supplies,” to quote the Citi resolution. In other words, the resolutions demanded that the banks actually act in accordance with the Internation

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Last updated : 26 April 2022 clock 11:56 PM

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Bank of America, Citigroup, and Wells Fargo Vote to Keep Financing Fossil Fuels ...Middle East

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