April, 12 2021, 12:00am EDT

US Voters Support Strong Government and Corporate Action to Curb Wall Street's Climate Impacts
Voters want the federal government to play an active role in reducing Wall Street’s impact on the climate and preventing climate-fueled economic crises.
WASHINGTON
Today, a new set of polling released by Data for Progress shows that US voters overwhelmingly support the federal government taking strong action to curb the climate impact of Wall Street in order to prevent economic crises driven by the financing of fossil fuels and other risky, high-emitting sectors.
The polling shows that voters want the Biden administration to apply its "whole-of-government" approach -- including action by the Treasury Department, the SEC, the Federal Reserve, and other financial regulators--to implement climate finance reforms that prevent major US banks and other financial institutions from further exacerbating the climate crisis and its economic ramifications.
Additionally, the polling shows that the vast majority US voters across demographic lines want more transparency about their bank or other financial institutions' contributions to climate change, and they believe that Wall Street firms' long-term climate pledges -- such as the recent wave of "net zero by 2050" commitments -- are not credible without concrete action plans.
Key findings from the polling include:
- A majority of voters (60 percent) agree the federal government should enforce more financial safeguards on big banks and insurers to prevent a future financial and economic crisis driven by climate change.
- A majority of voters (62 percent) agree the government should enact mandatory climate risk disclosure rules, including both the risks financial institutions face from climate change and their contributions to that risk through their financing.
- By a 35-percentage-point margin, voters prefer for the federal government to enforce climate risk disclosure rules rather than let Wall Street "self-regulate" their climate risk disclosures.
- Nearly two-thirds of voters (63 percent) agree the Treasury and Federal Reserve should play an active role in protecting the financial system from a future financial crisis driven by climate change.
- A majority of voters (62 percent) agree that banks making investments in industries that exacerbate climate change should also make investments in frontline communities.
More details from the poll are available HERE.
The new findings come as the Biden administration is reportedly finalizing an executive order to "develop a strategy on climate-related risks for public and private financial assets." Members of the Biden administration, such as Treasury Secretary Yellen and Acting SEC Chair Lee, have begun to highlight climate change as a key financial risk issue. However, climate actions by US financial regulators have been minimal thus far, and several key climate finance positions still remain unfilled.
Climate and financial reform advocates have put forward numerous policy recommendations in recent weeks and months, including, among others: Public Citizen and Americans for Financial Reform's "Climate Roadmap for U.S. Financial Regulation" report, Evergreen Action's five steps for SEC and Treasury, and Stop the Money Pipeline's priorities for the Biden administration.
In response to the new polling data, members of the Stop the Money Pipeline coalition issued the following statements:
Ben Cushing, Financial Advocacy Campaign Manager, Sierra Club: "The American people have paid the price before when Wall Street's risky and destructive practices have gone unchecked, and they clearly don't want to do it again. The Biden administration has made bold climate commitments and indicated it will treat climate change as a financial risk issue; this new polling shows it also has the overwhelming support of US voters to act on these promises. There's no time to waste."
Moira Birss, Climate and Finance Director, Amazon Watch: "Climate policy has so far been left to markets, and now we're in a climate crisis. It's time that the US government take the reins back from Wall Street so we can assure the rapid, justice-centered decarbonization necessary for a livable planet."
Erika Thi Patterson, Climate and Environmental Justice Director, Action Center on Race and the Economy: "Wall Street has been financing environmental racism and climate destruction in Black, Brown, and Indigenous communities for generations. We can't trust these institutions to self-regulate us out of a climate crisis or to address decades of harm to frontline communities of color. The majority of voters want the federal government to stand up to Wall Street to protect front-line communities and our planet from further climate disaster."
Yevgeny Shrago, Policy Counsel, Public Citizen: "Banks, insurers and asset managers have been gambling with our health and our future for too long. Financial regulators have an obligation to use all of the tools that they already have to immediately start protecting the financial system and front-line communities from Wall Street's contributions to climate chaos."
Jason Opena Disterhoft, Climate and Energy Senior Campaigner, Rainforest Action Network: "By a ratio of 2.5 to 1, Americans say that financial institutions' 2050 commitments are 'empty promises' without a concrete action plan. Unless they start to immediately phase out their fossil and deforestation financing, banks' 2050 pledges will continue to be met with fully justified skepticism."
Tracey Lewis, Senior Policy Analyst, 350.org: "It is clear, a majority of Americans want our Central Bank to do their job, and protect the economy from climate chaos. The people are tired of the Federal Reserve's knee-jerk reflex of bailing out Wall Street, while dragging their feet on managing climate risk. It's high-time for some meaningful action from the Fed."
Dorothy Slater, Research Assistant, Revolving Door Project: "The American public has made clear it is hungry for legitimate financial regulation to confront the global climate crisis. Industry pressure on financial regulators to avoid inconvenient disruptions to their business models will be enormous, so we need strong climate leaders throughout the executive branch who are on the public's side. Details are consequential here, and we can't afford regulators who side with Wall Street over the planet."
Further background:
Read the full polling memo from Data for Progress here.
Find shareable graphics of all the topline findings from Data for Progress here.
The Sierra Club is the most enduring and influential grassroots environmental organization in the United States. We amplify the power of our 3.8 million members and supporters to defend everyone's right to a healthy world.
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27 Arrested for Defying UK Ban on Nonviolent Pro-Palestine Group
"We oppose genocide—I didn't think that was that controversial—and we support the people who resist genocide," said one arrested protester.
Jul 06, 2025
Metropolitan Police arrested at least 27 protesters who gathered in central London on Saturday to publicly support Palestine Action, a nonviolent direct action group now officially designated a terrorist organization by the U.K. government.
According to Middle East Eye, Palestine defenders including 83-year-old Rev. Sue Parfitt, a former government attorney, an emeritus professor, and health workers gathered by a statue of Mahatma Gandhi in Parliament Square, where they held signs reading, "I OPPOSE GENOCIDE, I SUPPORT PALESTINE ACTION."
Members of the group Defend Our Juries informed Metropolitan Police of their plan prior to the demonstration.
"If we cannot speak freely about the genocide that is occurring... democracy and human rights in this country are dead."
"We would like to alert you to the fact we may be committing offenses under the Terrorism Act tomorrow, Saturday 5 July, in Parliament Square at about 1pm," the group said in an open letter to Met Commissioner Mark Rowley.
"If we cannot speak freely about the genocide that is occurring, if we cannot condemn those who are complicit in it and express support for those who resist it, then the right to freedom of expression has no meaning, and democracy and human rights in this country are dead," the letter argues.
Parfitt told Novara Media that members of Defend Our Juries were "testing the law."
"I know that we are in the right place doing the right thing," she said. "...We cannot be bystanders."
"We are losing our civil liberties, we must stop that for everybody's sake," Parfitt said in a separate interview with The Guardian.
Prior to his arrest, Defend Our Juries member Tim Crosland, the former government lawyer, told The Guardian that "what we're doing here as a group of priests, teachers, health workers, human rights lawyers [is] we're refusing to be silenced."
"Because it goes to the core of what we believe in: that we oppose genocide—I didn't think that was that controversial—and we support the people who resist genocide," he added. "In theory we are now terrorist supporters and can go to prison for 14 years, which is kind of crazy. I think what we are here to do is just expose the craziness of that."
Crosland said as he was being arrested, "This is what happens in modern day Britain for opposing genocide, it's quite something isn't it?"
A bystander told Novara Media: "I just feel disgusted by this government. I voted for them and they're now arresting people who are calling for a genocide to end. And this is a Labour government, they're meant to have left-wing roots."
Members of the group Defend Our Juries publicly declare their opposition to Israel's genocidal assault on Gaza and their support for the proscribed group Palestine Action while Metropolitan Police officers look on before arresting them during a July 4, 2025 demonstration in London. (Photo: Kristian Buus/In Pictures via Getty Images)
In a statement, Defend Our Juries sarcastically said that "we commend the counter-terrorism police for their decisive action in protecting the people of London from some cardboard signs opposing the genocide in Gaza and expressing support for those taking action to prevent it."
"It's a relief to know that counter-terrorism police have nothing better to do," the group quipped.
Last week, British lawmakers voted to ban Palestine Action as a terrorist group after some of its members vandalized two aircraft at a Royal Air Force base in Oxfordshire on June 20. The group—which was founded in 2020 and has also vandalized U.S. President Donald Trump's golf course in Turnberry, Scotland—is known for taking direction action against companies that supply weapons to Israel, which is accused of genocide in an ongoing International Court of Justice case concerning the war on Gaza.
On June 23, U.K. Home Secretary Yvette Cooper announced plans to proscribe the group under Section 3 of the Terrorism Act of 2000, introduced under former Labour Prime Minister Tony Blair and widely criticized for its overbroad definition of terrorism. The House of Commons voted 385-26 Wednesday in favor of banning Palestine Action and the House of Lords approved the designation Thursday without a vote.
Palestine Action tried to delay the ban via legal action. However, the High Court on Friday denied the group's appeal for interim relief was denied on Friday, a decision that was upheld by the Court of Appeal.
The nonviolent group is now on the same legal footing in Britain as Al-Qaeda and Islamic State. Joining or supporting Palestine Action is now punishable by up to 14 years behind bars.
At midnight, Palestine Action will be proscribed under the Terrorism Act.Their real “crime”? Exposing the UK’s role in arming Israel’s genocide.This is a dark day for our democracy.Criminalising non-violent resistance won’t silence the truth.We are all Palestine Action 🇵🇸
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— Zarah Sultana MP (@zarahsultana.bsky.social) July 4, 2025 at 2:38 PM
Earlier this month, a group of United Nations experts urged the U.K. government to not ban Palestine Action.
"We are concerned at the unjustified labeling of a political protest movement as 'terrorist,'" the experts wrote. "According to international standards, acts of protest that damage property, but are not intended to kill or injure people, should not be treated as terrorism."
The U.N. experts warned that under the ban, "individuals could be prosecuted for peacefully exercising their rights to freedom of expression and opinion, assembly, association, and participation in political life."
"This would have a chilling effect on political protest and advocacy generally in relation to defending human rights in Palestine," they added.
Hundreds of jurists, artists and entertainers, and others have also decried the ban on Palestine Action.
"Palestine Action is intervening to stop a genocide. It is acting to save life. We deplore the government's decision to proscribe it," Artists for Palestine U.K.—whose members include Tilda Swinton, Paul Weller, Steve Coogan, and others—wrote in a statement last month.
"Labeling non-violent direct action as 'terrorism' is an abuse of language and an attack on democracy," the artists added. "The real threat to the life of the nation comes not from Palestine Action but from the home secretary's efforts to ban it. We call on the government to withdraw its proscription of Palestine Action and to stop arming Israel."
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'Authoritarian Theater' Meets 'Pure F*cking Idiocracy' as Trump Promises White House UFC Match
"Americans, you won't have healthcare, Medicaid, public schools, nursing homes, rural hospitals, or SNAP," said one critic. "But, you'll get UFC fights on the White House lawn. America F-Yeah!"
Jul 05, 2025
Critics of President Donald Trump's announcement of a planned Ultimate Fighting Championship event on White House grounds to celebrate the United States Semiquincentennial next year took to social media Friday to call the proposal something "straight out of 'Idiocracy'"—the comedy cult classic about a dumbed-down 26th-century America—and condemn what one detractor called "authoritarian theater."
"Every one of our national park battlefields and historic sites are going to have special events in honor of America 250," Trump said at the Iowa State Fairgrounds Thursday. "We're going to have a UFC fight—think of this—on the grounds of the White House."
Yearning for a time when every new day isn't exponentially dumber than the day before.
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— Dave Vetter (@davidrvetter.bsky.social) July 4, 2025 at 2:57 AM
While Octagon aficionados cheered the prospect of a 1600 Pennsylvania Avenue fight card, many observers couldn't help but notice parallels with the plot of Mike Judge's 2006 film "Idiocracy," a satirical skewering of issues including the erosion of White House decorum in a future when IQs have plummeted and a sports drink corporation owns the country, whose voters elect Dwayne Elizondo Mountain Dew Camacho, "five-time ultimate smackdown champion and porn superstar," as president.
"If anyone defends Trump saying there will be a UFC fight on the White House lawn never listen to them again," former Republican Congressman Adam Kinzinger of Illinois wrote on the social media site X Friday, adding that Trump's announcement was like the "plot to 'Idiocracy' with an equally stupid-ass president."
Another X user fumed: "This is what happens when a failed empire hits rock bottom and throws a party about it. UFC fight on the White House lawn to celebrate 250 years of what used to be a country with brains. This ain't strength, this is pure fucking Idiocracy. Straight out of Rome before it burned, give the mob a fight and some burgers while the world collapses around them.
Yet another social media critic joked that "'Idiocracy' was actually a documentary from the future, sent back in time as a warning to us all."
Some critics pointed to the decadeslong business ties between Trump and UFC President and CEO Dana White, who has donated at least $1 million to Trump's campaign coffers.
Others noted the "bread and circuses" vibes of Trump's proposed event, which some called a cynical ploy meant to distract from the devastating impact of policies like Friday's signing of a multi-trillion-dollar tax cut that will overwhelmingly benefit the rich and corporations, while ballooning the deficit and leaving millions of Americans without desperately needed health insurance coverage and food assistance.
"Americans, you won't have healthcare, Medicaid, public schools, nursing homes, rural hospitals, or SNAP. But, you'll get UFC fights on the White House lawn," New York Times opinion contributor Wajahat Ali wrote on Bluesky. "America, F-YEAH!"
Writing for The Guardian Saturday, Karim Zidan asserted: "Donald Trump's UFC stunt is more than a circus. It's authoritarian theater."
"It carries shades of fascist Italy under Benito Mussolini, particularly its obsession with masculinity, spectacle, and nationalism—but with a modern, American twist," he wrote. "Fascist Italy used rallies, parades, and sports events to project strength and unity."
"Similarly, Trump has relied on the UFC to project his tough-guy image, and to celebrate his brand of nationalistic masculinity," Zidan continued. "From name-dropping champions who endorse him to suggesting a tournament that would pit UFC fighters against illegal migrants, Trump has repeatedly found ways to make UFC-style machismo a part of his political brand."
"There was once a time when the U.S. could point to the authoritarian pageantry of regimes like Mussolini's Italy and claim at least some moral distance. That line is no longer visible," he added. "What was once soft power borrowed from strongmen is now being proudly performed on America's own front lawn."
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As Flood Deaths Rise, Texas Officials Blast Faulty Forecast by DOGE-Gutted National Weather Service
"Experts warned for months that drastic and sudden cuts at the National Weather Service by Trump could impair their forecasting ability and endanger lives during the storm season," said one critic.
Jul 05, 2025
As catastrophic flooding left scores of people dead and missing in Texas Hill Country and President Donald Trump celebrated signing legislation that will eviscerate every aspect of federal efforts to address the climate emergency, officials in the Lone Star State blasted the National Weather Service—one of many agencies gutted by the Department of Government Efficiency—for issuing faulty forecasts that some observers blamed for the flood's high death toll.
The Associated Press reported Saturday that flooding caused by a powerful storm killed at least 27 people, with dozens more—including as many as 25 girls from a summer camp along the Guadalupe River in Kerr County—missing after fast-moving floodwaters rose 26 feet (8 meters) in less than an hour before dawn on Friday, sweeping away people and pets along with homes, vehicles, farm and wild animals, and property.
"Everybody got the forecast from the National Weather Service... It did not predict the amount of rain that we saw."
"The camp was completely destroyed," Elinor Lester, 13, one of hundreds of campers at Camp Mystic, told the AP. "A helicopter landed and started taking people away. It was really scary."
Kerr County Sheriff Larry Leitha said during a press conference in Kerrville late Friday that 24 people were confirmed dead, including children. Other officials said that 240 people had been rescued.
Although the National Weather Service on Thursday issued a broad flood watch for the area, Texas Division of Emergency Management Chief Nim Kidd—noting that the NWS predicted 3-6 inches of rain for the Concho Valley and 4-8 inches for the Hill Country—told reporters during a press conference earlier Friday that "the amount of rain that fell in this specific location was never in any of those forecasts."
After media reports & experts warned for months that drastic & sudden cuts at the Nat Weather Service by Trump could impair their forecasting ability & endanger lives during the storm season, TX officials blame an inaccurate forecast by NWS for the deadly results of the flood.
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— Ron Filipkowski (@ronfilipkowski.bsky.social) July 5, 2025 at 3:19 AM
"Listen, everybody got the forecast from the National Weather Service," Kidd reiterated. "You all got it; you're all in media. You got that forecast. It did not predict the amount of rain that we saw."
Kerrville City Manager Dalton Rice also said during the press conference that the storm "dumped more rain than what was forecasted" into two forks of the Guadalupe River.
Kerr County judge Rob Kelly told CBS News: "We had no reason to believe that this was gonna be anything like what's happened here. None whatsoever."
Since January, the NWS—a branch of the National Oceanic and Atmospheric Administration (NOAA)—has reduced its workforce by nearly 600 people as a direct result of staffing cuts ordered by the Department of Government Efficiency, or DOGE, as part of Trump's mission to eviscerate numerous federal agencies.
This policy is in line with Project 2025, the Heritage Foundation-led blueprint for a far-right overhaul of the federal government that calls for "dismantling" NOAA. Trump has also called for the elimination of the Federal Emergency Management Agency, arguing that states should shoulder most of the burden of extreme weather preparation and response. Shutting down FEMA would require an act of Congress.
Many of the fired NWS staffers were specialized climate scientists and weather forecasters. At the time of the firings, Rep. Jared Huffman (D-Calif.), the ranking member of the House Natural Resources Committee, was among those who warned of the cuts' deadly consequences.
"People nationwide depend on NOAA for free, accurate forecasts, severe weather alerts, and emergency information," Huffman said. "Purging the government of scientists, experts, and career civil servants and slashing fundamental programs will cost lives."
Writing for the Texas Observer, Henry D. Jacoby—co-director of the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change—warned that "crucial data gathering systems are at risk."
"Federal ability to warn the public is being degraded," he added, "and it is a public service no state can replace."
On Friday, Trump put presidential pen to congressional Republicans' so-called One Big Beautiful Bill Act, a $4 trillion tax and spending package that effectively erases the landmark climate and clean energy provisions in the Inflation Reduction Act signed by then-President Joe Biden in 2022.
As Inside Climate News noted of the new law:
It stomps out incentives for purchasing electric vehicles and efficient appliances. It phases out tax credits for wind and solar energy. It opens up federal land and water for oil and gas drilling and increases its profitability, while creating new federal support for coal. It ends the historic investment in poor and minority communities that bear a disproportionate pollution burden—money that the Trump administration was already refusing to spend. It wipes out any spending on greening the federal government.
Furthermore, as MeidasNews editor-in-chief Ron Filipkowski noted Saturday, "rural areas hit hardest by catastrophic storms are the same areas now in danger of losing their hospitals after Trump's Medicaid cuts just passed" as part of the budget reconciliation package.
At least one congressional Republican is ready to take action in the face of increasing extreme weather events. Rep. Marjorie Taylor Greene (R-Ga.)—who once attributed California wildfires to Jewish-controlled space lasers—announced Saturday that she is "introducing a bill that prohibits the injection, release, or dispersion of chemicals or substances into the atmosphere for the express purpose of altering weather, temperature, climate, or sunlight intensity."
"It will be a felony offense," she explained. "We must end the dangerous and deadly practice of weather modification and geoengineering."
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