March
2022
1
Testimony Before NYS Senate Standing Committees on Banks, Finance, and Environmental Conservation, Joint Public Hearing to Explore Financial Risks on Banking Posed by Climate Change
As you know, climate scientists for decades have warned that fossil fuels are wreaking havoc on our environment and that bold, concerted action is needed to address the climate crisis. Yet, in the six years since the Paris Agreement, banks have poured over $3.8 trillion into the fossil fuel industry, according to the Rainforest Action Network.i Banks’ funding of fossil fuels is accelerating the climate crisis, which is becoming deadlier each year.