Quantcast
Environmental News for a Healthier Planet and Life

Help Support EcoWatch

NYC Looks at Shaming Fossil Fuel Financiers

Energy
Protesters holding signs inside JPMorgan Chase in NYC on Nov. 20, 2019. Erik McGregor / LightRocket / Getty Images

New York City lawmakers will introduce a resolution Monday to demand that the financial institutions and insurers the city does business with divest from fossil fuels, HuffPost reports.


HuffPost obtained a draft of the resolution, and reports that while the draft resolution is largely symbolic in targeting JP Morgan Chase, BlackRock and Liberty Mutual, it will accelerate the movement to hold financial institutions accountable for climate change and preview how New York may institute radical changes in how the city handles its money.

"We are in the midst of a devastating short-term crisis … but the most devastating long-term risk to New York is the climate crisis," councilman Brad Lander, the lead author of the bill, told HuffPost. "If we're going to have any chance at actually bending the curve on CO2 emissions, we have to confront the capital that is driving it at its scale."

For a deeper dive:

HuffPost

For more climate change and clean energy news, you can follow Climate Nexus on Twitter and Facebook, and sign up for daily Hot News.

EcoWatch Daily Newsletter

Petri Oeschger / Moment / Getty Images

By Kris Gunnars, BSc

Sleep is one of the pillars of optimal health.

Read More Show Less

Junjira Konsang / Pixabay

By Matt Casale

For many Americans across the country, staying home to stop the spread of the novel coronavirus (COVID-19) means adapting to long-term telework for the first time. We're doing a lot more video conferencing and working out all the kinks that come along with it.

Read More Show Less
Looking south from New York City's Central Park. Ajay Suresh / Wikipedia / CC BY 4.0

By Richard leBrasseur

The COVID-19 pandemic has altered humans' relationship with natural landscapes in ways that may be long-lasting. One of its most direct effects on people's daily lives is reduced access to public parks.

Read More Show Less
PeopleImages / E+ / Getty Images

By Ryan Raman, MS, RD

Minerals are key nutrients that your body requires to function. They affect various aspects of bodily function, such as growth, bone health, muscle contractions, fluid balance, and many other processes.

Read More Show Less
A young monk seal underwater in the Northwest Hawaiian Islands. NOAA / PIFSC / HMSRP

By Tara Lohan

The Sargasso Sea, an area of the Atlantic Ocean between the Caribbean and Bermuda, has bedeviled sailors for centuries. Its namesake — sargassum, a type of free-floating seaweed — and notoriously calm winds have "trapped" countless mariners, including the crew of Christopher Columbus's Santa Maria.

Read More Show Less
Charlie Rogers / Moment / Getty Images

As the COVID-19 virus was spreading around the world, deforestation in the world's rainforests rose at an alarming rate, the German arm of the World Wildlife Fund (WWF) said in a study published on Thursday.

Read More Show Less

Trending

M_a_y_a / iStock / Getty Images Plus

By Tonya Russell

A few years ago, my fiance and I got into an argument on our way to spend Christmas with my family.

As we drove through unfamiliar territory, we began to notice a lot of people who appeared to be without a home. This started to break up the tension as we turned our thoughts to this bigger issue.

Read More Show Less