John Kerry Must Choose: Wall Street or the Planet

Two years ago, Goldman Sachs announced what was then Wall Street’s largest commitment to stop investing in the fossil fuel industry. That commitment—a ban on financing Arctic drilling, while still shoveling money into drilling everywhere else—was pitiful compared to what’s needed for Earth to stay below 1.5 degrees Celsius of warming and avoid the worst impacts of climate change. On Monday, Goldman dropped any pretense of caring about the planet when it announced plans to nominate Jessica Uhl, the chief financial officer of oil giant Royal Dutch Shell, to its board of directors. According to the Rainforest Action Network, Goldman is currently the 14th-biggest bank financier of fossil fuels in the world, having provided $83.75 billion since 2016. Read Full Article »