November, 09 2021, 01:23pm EDT

Climate Groups Call Out Banks Lobbying for Watered Down Net Zero Commitments
Stop the Money Pipeline organizations respond to news that on behalf of a group of 12 banks, HSBC lobbied Mark Carney’s GFANZ to scrap mandatory science-based targets and delay a deadline.
WASHINGTON
Yesterday The Bureau of Investigative Journalism reported that HSBC coordinated efforts to try and water down action on climate change. The Bureau details that HSBC lobbied Mark Carney's Net Zero Banking Alliance to:
remove the list of sectors that must be included in the first round of target-setting
set targets only for sectors where there are "credible transition pathways" to a net-zero future
delay until 2025 or 2030 the deadline for banks to set targets for some carbon-intensive sectors, instead of 18 months from signing the NZBA commitment
HSBC denies "lobbying to dilute the ambition of the NZBA" and denies that the letter sent in March on behalf of the 12 banks reflects its own position. The twelve banks are on Prince Charles's Financial Services Taskforce and they include Bank of America, Citi, JP Morgan, Barclays, BNP Paribas, and more.
Member organizations of the Stop the Money Pipeline coalition released the following statements in reaction to the news:
"This confirms what Indigenous people and climate activists have been yelling from the frontlines for years: banks cannot be trusted to align their profit mindset with the fight for our planet. We need wealthy nations to reign in their greed with unprecedented science-based regulation, otherwise we have no chance of meeting the 1.5C goal" said Jackie Fielder, communications coordinator of Stop the Money Pipeline
"Black, Brown, and Indigenous frontline communities across the globe have demanded that banks stop pouring money into fossil fuel projects and pipelines that are devastating our planet and communities, but it's clear banks will always put profit before people when left to self-regulate. This is why we need global leaders to stop letting financial institutions dilute climate action and to demand science-based targets and regulations," said Erika Thi Patterson, campaign director for climate and environmental justice, the Action Center on Race and the Economy.
"These allegations that HSBC lobbied to weaken the guidelines of the Net-Zero Banking Alliance on behalf of banks in the Sustainable Markets Initiative are concerning and should raise red flags for shareholders and customers about their true commitment to net-zero. HSBC's comments seem in direct opposition with what the bank has committed to doing in the last year, and with its messaging on climate change. These banks, which include Credit Suisse, JPMorgan and Standard Chartered, have huge clout within the banking industry and should use their influence for the better - not to water down already insufficient guidelines," said Jeanne Martin, Senior Campaign Manager at ShareAction
"HSBC's public rhetoric on climate change can't be trusted - their behaviour in private, lobbying to weaken climate action, is their true position. Banks like HSBC know what the International Energy Agency has said - 'net zero by 2050' means no new fossil fuel expansion, from this year. So it's staggering that a bank signed up to that target is doing everything it can to make sure that target can't be met," said Adam McGibbon, UK Campaign Lead at Market Forces.
Time and time again we see banks launch voluntary climate initiatives which seem to be aimed purely at reaping PR benefits now, while postponing all concrete action as far into the future as possible. This was the case with the Principles for Responsible Banking in 2019, and now again with the NZBA. 18 months is already a lavish amount of time to set 2030 targets, and it is shocking to learn that not only HSBC, but apparently also official COP26 sponsor NatWest lobbied to procrastinate even longer. And with half the world's fossil fuel assets expected to become worthless as soon as 2036, all this effort to delay action is not even in banks' own best interests", said Maaike Beenes, Climate coordinator at BankTrack.
It's astonishing that banks like HSBC are doubling down on greenwashing their role in the destruction of our planet at a time when frontline communities cannot afford anymore lip service. We cannot allow HSBC to wreak any more havoc on our climate than they already have" said Amy Gray, Senior Climate Finance Strategist at Stand.earth, "It's time to stop funding the fossil fuel industry now and respect Indigenous sovereignty, frontline communities and re-invest in a just and equitable transition to renewable energy."
The Stop the Money Pipeline coalition is over 160 organizations strong holding the financial backers of climate chaos accountable.
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Israeli Airstrike Kills Houthi Prime Minister in Yemen's Capital
As one Houthi leader pledged that "we shall take vengeance," Israel's defense minister said that "this is just the beginning."
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Yemen's Houthis confirmed Saturday that an Israeli airstrike Thursday in the country's capital, Sanaa, killed "several" government officials, including Prime Minister Ahmed al-Rahawi.
The Houthis, also known as Ansar Allah, have targeted Israel and ships in the Red Sea over the US-backed Israeli assault on the Gaza Strip, which has been increasingly denounced as genocide. Israel and the United States—under both the Biden and Trump administrations—have responded to the Houthis' Red Sea actions by bombing Yemen, where an ongoing civil war began in 2014.
As The Associated Press reported Saturday:
Thursday's Israeli strike took place as the rebel-owned television station was broadcasting a speech by Abdul Malik al-Houthi, the secretive leader of the rebel group in which he was sharing updates on the latest Gaza developments and vowing retaliation against Israel. Senior Houthi officials used to gather to watch al-Houthi's prerecorded speeches.
Al-Rahawi wasn't part of the inner circle around Abdul Malik al-Houthi that runs the military and strategic affairs of the group. His government, like the previous ones, was tasked with running the day-to-day civilian affairs in Sanaa and other Houthi-held areas.
Although the full list of Houthi officials killed in the strike has not been released, Reuters reported that unnamed sources confirmed that "the energy, foreign, and information ministers were among those killed."
The news agency also noted that while Al-Rahawi became prime minister around a year ago, "the de facto leader of the government was his deputy, Mohamed Moftah, who was assigned on Saturday to carry out the prime minister's duties."
In a Saturday statement, the Houthi government affirmed that it would continue to "fulfill its role" and "institutions will continue to provide their services to the steadfast, patient, struggling Yemeni people. It will not be affected, no matter the extent of the calamity... and the blood of the great martyrs will be fuel and motivation to continue on the same path."
"We affirm to our great Yemeni people, to the oppressed Palestinian people, to all the sons of our nation, and to all free people in the world, that we continue our authentic stance in supporting and aiding the people of Gaza, and in building our armed forces and developing their capabilities to face all challenges and dangers, just as our great Yemeni people are present in all fields and arenas with all determination, will, and faith," the government added, according to a translation from Drop Site News.
Both US President Donald Trump's administration and the government of Israeli Prime Minister Benjamin Netanyahu—a fugitive of the International Criminal Court for his country's conduct in Gaza—consider the Houthis a terrorist organization.
The Thursday strike came nearly a week after the Israel Defense Forces said that it intercepted multiple ballistic missiles launched by the Houthis, and at least one contained cluster munitions. Citing the IDF and Hebrew media, The Times of Israel reported Saturday that a missile fired by the Houthis overnight "fell short" of Israel, instead falling in Saudi Arabia.
The newspaper also shared Israeli Defense Minister Israel Katz's response to the Houthis confirming Al-Rahawi's assassination. He said that "two days ago, we dealt an unprecedented crushing blow to the senior officials in the military-political leadership of the Houthi terrorist organization in Yemen, in a bold and brilliant action by the IDF."
"The destiny of Yemen is the destiny of Tehran—and this is just the beginning," Katz continued. "The Houthis will learn the hard way that whoever threatens and harms Israel will be harmed sevenfold—and they will not determine when this ends."
Meanwhile, according to Al Jazeera, Mahdi al-Mashat, a Yemeni politician and military officer who serves as the chairman of the Supreme Political Council of the Houthis, said in a video message that "we shall take vengeance, and we shall forge from the depths of wounds a victory."
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Make America Healthy Again is "a great slogan," the senator wrote. "The problem is that since coming into office President Trump and Mr. Kennedy have done exactly the opposite."
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"Robert F. Kennedy Jr., the secretary of health and human services, is endangering the health of the American people now and into the future. He must resign."
That's how US Senate Health, Education, Labor, and Pensions (HELP) Committee Ranking Member Bernie Sanders (I-Vt.) began a New York Times op-ed on Saturday, amid mounting calls for Kennedy to leave the Department of Health and Human Services (HHS), by choice or force, following the ouster of Centers for Disease Control and Prevention (CDC) Director Susan Monarez.
As Sanders detailed in the Times—and a Thursday letter to Senate HELP Committee Chair Bill Cassidy (R-La.) demanding a congressional probe—Monarez was fired after reportedly refusing to "act as a rubber stamp for his dangerous policies." Her exit led to resignations and a staff walkout at the CDC, which is now being led by Jim O'Neill, a Kennedy aide and biotech investor.
Sanders and other lawmakers—including former Senate Majority Leader Mitch McConnell (R-Ky.), a polio survivor and the only Republican to vote against Kennedy's confirmation in February—have long warned about the consequences of letting RFK Jr. hold a key health policy position in President Donald Trump's second administration.
"Mr. Kennedy and the rest of the Trump administration tell us, over and over, that they want to Make America Healthy Again," Sanders noted Saturday. "That's a great slogan. I agree with it. The problem is that since coming into office President Trump and Mr. Kennedy have done exactly the opposite."
"Despite the overwhelming opposition of the medical community, Secretary Kennedy has continued his long-standing crusade against vaccines and his advocacy of conspiracy theories that have been rejected repeatedly by scientific experts," the senator wrote. "It is absurd to have to say this in 2025, but vaccines are safe and effective. That, of course, is not just my view. Far more important, it is the overwhelming consensus of the medical and scientific communities."
Sanders pointed to guidance from the American Academy of Pediatrics, American Medical Association, and World Health Organization, and called out Kennedy's comments on autism, Covid-19 and polio vaccines, and immunizations in general.
"The reality is that Secretary Kennedy has profited from and built a career on sowing mistrust in vaccines. Now, as head of HHS, he is using his authority to launch a full-blown war on science, on public health, and on truth itself," he wrote, warning that in the "short term, it will be harder for Americans to get lifesaving vaccines," including for Covid.
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Sanders, a leading advocate of Medicare for All, also took aim at the One Big Beautiful Bill Act that Trump signed last month.
"America's healthcare system is already dysfunctional and wildly expensive, and yet the Trump administration will be throwing an estimated 15 million people off their health insurance through a cut of over $1 trillion to Medicaid and the Affordable Care Act," he noted. "This cut is also expected to result in the closing of or the decline in services at hundreds of nursing homes, hospitals, and community health centers. As a result of cuts to the Affordable Care Act, health insurance costs will soar for millions of Americans. That is not Making America Healthy Again."
"Secretary Kennedy is putting Americans' lives in danger, and he must resign," Sanders concluded. "In his place, President Trump must listen to doctors and scientists and nominate a health secretary and a CDC director who will protect the health and well-being of the American people, not carry out dangerous policies based on conspiracy theories."
Bernie Sanders is right—RFK Jr. must resign. His leadership is an assault on science, public health, and truth. We’re not just talking politics; we’re talking lives. #ResignKennedy #ScienceFirst”www.nytimes.com/2025/08/30/o...
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— Elizabeth (@elizathewell.bsky.social) August 30, 2025 at 10:30 AM
Doctors, journalists, and others praised the senator's op-ed, with Trauma surgeon Mark Hoofnagle saying that "Bernie nails it."
Pennsylvania State University professor and A Desire Called America author Christian Haines wrote on the social media platform Bluesky that the piece was "clear and incisive, though I wish it didn't need to be said."
Also sharing the post on Bluesky, former Times labor reporter Steven Greenhouse said: "It's delusional for anyone to think that RFK Jr. and Donald Trump are making America healthy again. With Kennedy's war against science, truth, and vaccines and Trump's war against Medicaid, their movement should be called MAKING AMERICA UNHEALTHY AGAIN."
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"Congress—and only Congress—passes budgets. Because the president's job is to take care the laws are faithfully executed, he must spend the money as directed," said Rep. Jamie Raskin, a constitutional scholar.
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Democracy defenders and members of Congress are condemning US President Donald Trump's effort to use a "pocket rescission" process to block $4.9 billion in foreign aid as authoritarian and illegal.
The Office of Management and Budget (OMB) on Friday shared on social media Trump's letter to House Speaker Mike Johnson (R-La.) about the move. According to a White House fact sheet linked in a subsequent post, much of the money was headed for the US Department of State and the United States Agency for International Development (USAID), which Trump has gutted.
As The Associated Press explained:
The 1974 Impoundment Control Act gives the president the authority to propose canceling funds approved by Congress. Congress can within 45 days vote on pulling back the funds or sustaining them, but by proposing the rescission so close to September 30 the White House argues that the money won’t be spent and the funding lapses.
What was essentially the last pocket rescission occurred in 1977 by Democratic then-President Jimmy Carter, and the Trump administration argues it's a legally permissible tool despite some murkiness as Carter had initially proposed the clawback well ahead of the 45-day deadline.
Shortly after the OMB social media posts, Secretary of State Marco Rubio said that OMB Director Russ Vought was helping shutter USAID, writing on the platform X: "Since January, we've saved the taxpayers tens of billions of dollars. And with a small set of core programs moved over to the State Department, USAID is officially in closeout mode. Russ is now at the helm to oversee the closeout of an agency that long ago went off the rails. Congrats, Russ."
Meanwhile, Rubio's former congressional colleagues and others are sounding the alarm over the administration's effort.
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Congressman Joaquin Castro (D-Texas) also put pressure on GOP lawmakers, saying that "this is wrong—and illegal. Not only is Trump gutting $5 billion in foreign aid that saves lives and advances America's interests, but he's doing so using an unlawful 'pocket recission' method that undermines Congress' power of the purse. I urge my Republican colleagues to say hell no."
While most Republicans on Capitol Hill have backed Trump's endeavors to claw back funding previously appropriated by Congress, GOP Sens. Susan Collins (Maine) and Lisa Murkowski (Alaska) voted against his $9 billion rescission package earlier this year.
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Congressman Jamie Raskin (D-Md.), a constitutional scholar, similarly stressed that "Congress—and only Congress—passes budgets. Because the president's job is to take care the laws are faithfully executed, he must spend the money as directed. Trump's 'pocket recissions' are lawless and absurd. If a president opposes legislative spending decisions, he can veto them, subject to override, but once passed, he must execute on them."
Lisa Gilbert, co-president of the watchdog group Public Citizen, declared in a Friday statement that with the pocket rescission move, the Trump administration "demonstrated yet again its contempt for Congress' power of the purse and the Constitution's separation of powers."
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