U.S. Banks Face Pressure To Cut Fossil Fuel Funding ...Middle East

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U.S. Banks Face Pressure To Cut Fossil Fuel Funding
source : OILPRICE ( Middle East ) () 33
Citigroup, Bank of America, and Wells Fargo shareholders are voting on Tuesday on non-binding resolutions proposed by environmental groups and ESG investors to wind down or phase out financing for fossil fuels.  At last year’s shareholders’ meetings of some of the biggest American banks, similar resolutions won no more than 13% of shareholder support, Reuters notes.  Early this year, As You Sow, Harrington Investments, The Sierra Club Foundation (SCF), and Trillium Asset Management filed two shareholder proposals…

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