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For Immediate Release
April, 26 2023, 02:14pm EDT
Contact:
Ginny Cleaveland, Deputy Press Secretary, Fossil-Free Finance, Sierra Club, ginny.cleaveland@sierraclub.org
Climate advocates rally outside Goldman Sachs shareholder meeting
As shareholders vote on proposals, advocacy groups draw attention to bank’s fossil fuel financing
DALLAS
The annual general meeting for Goldman Sachs took place on Wednesday, April 26, in Dallas. Outside the meeting, climate advocates with the Sierra Club, Texas Campaign for the Environment, Hip Hop Caucus, the Vessel Project of Louisiana, and For a Better Bayou held a rally and press conference to draw attention to the bank’s continued financing of fossil fuels, despite its climate pledges.
At its annual meeting, Goldman Sachs faced several investor proposals calling on the bank to do better on climate, including a proposal from the Sierra Club Foundation demanding that it commit to a time-bound phase out of new fossil fuel exploration and development (7% support), a proposal from the New York City Comptroller demanding that it disclose its absolute greenhouse gas (GHG) emissions targets for 2030 (12% support), and a proposal from As You Sow demanding that it create a transition plan to align its financing activities with its 2030 emissions reduction targets (30% support). See results from similar shareholder proposals at the annual meetings of Bank of America, Citigroup, and Wells Fargo.
Goldman Sachs is one of the world’s largest financiers of fossil fuels. According to the annual Banking on Climate Chaos report, in the last 7 years, Goldman Sachs poured $145 billion into fossil fuels, and $9.9 billion in 2022 alone. Goldman Sachs continues to bankroll fossil fuels despite committing more than two years ago to reach net-zero emissions by 2050 for the projects it finances. By continuing to provide new financing for fossil fuel expansion, Goldman Sachs is undermining our ability to meet our climate goals, contradicting its own climate pledges, and committing environmental racism by giving billions of dollars to LNG projects to export fracked gas in disproportionately Black, Indigenous, and low-income communities across the Gulf Coast.
Goldman Sachs is one of the largest financiers of Liquefied Natural Gas (LNG) in the world, which causes irreparable harm to the environment, climate, and environmental justice communities. This includes providing financing to companies like Venture Global, the company behind the proposed Plaquemines LNG export facility in Louisiana, which would be one of the largest fracked gas export terminals in the US. A June 2022 report by the Sierra Club analyzes the facility’s potential impact on the environment, climate, and nearby communities.
Quotes from advocacy groups
“Economic justice, racial justice, climate, and environmental justice are inextricably linked. Pollution from fossil fuels worsens the effects of climate change, and together they create a destructive loop that disproportionately impacts the well-being of Black, Brown, and Indigenous people. Financial institutions who continue to support fossil fuel expansion are doing business in a way that compromises the needs of our planet and our people. You cannot finance harmful industries and at same time be committed to meeting the needs of the communities you serve. The only way forward is to stop financing fossil fuel expansion now,” said Stephone Coward, the Director of Economic Justice with Hip Hop Caucus.
“It is disappointing but not surprising to me that a bunch of rich people in suits based in major cosmopolitan cities continue to make decisions that fund increasing cancer rates for both myself and my fellow citizens of the poor rural South. How far can we expect human empathy to extend, really? However, on a business operations level, it is my understanding that Goldman Sachs prides themselves on excellence. If they wanted to actually be excellent, they would diversify their operations to better understand firsthand the regions and people in which they are funding life-destroying operations for time-limited profit," said Ariana Akbari, Volunteer with the Sierra Club.
“Gulf Coast communities are united in our opposition to oil and gas export facilities because they dump even more toxic emissions on impoverished communities of color that have limited access to healthcare,” said Bekah Hinojosa, Gulf Coast Campaign Representative with the Sierra Club. “We’re calling on Goldman Sachs to commit to stop financing and supporting environmental racism in our communities by drawing the line on oil and gas export projects.”
“Goldman Sachs is continuing to invest and provide financial services for community-destroying and climate-killing fossil fuel infrastructure projects, like Venture Global’s methane gas export terminals in south Louisiana. Goldman Sachs cannot claim to be working toward net zero while also knowingly investing in dirty fracked gas export terminals. There is nothing clean or green about 'natural gas' and the impacts of these terminals on our communities and ways of life is nothing short of environmental injustice of the highest order. It’s as if Goldman Sachs thinks it can take a play from the tobacco playbook and claim it wasn't aware of the harms being caused, both locally and abroad. There can be no denying the bank's role in funding the climate crisis, having provided over $145 billion to fossil fuel projects. Without shifting from investing in these awful projects, Goldman Sachs should be held fully responsible for all loss and damages associated with continuing down this path. Goldman Sachs must hold firm to its commitment to true net zero and stop harming communities on coastlines around the world,” said James Hiatt with For a Better Bayou.
Next annual meetings
Next month, the last two of the six major US banks will hold their annual meetings — JPMorgan Chase on May 16 and Morgan Stanley on May 19 — both of which face a similar suite of climate proposals as their peers.
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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'We Cannot Forget the Palestinian Prisoners,' Freed Gaza Flotilla Member Says While Returning Home
“I left behind me thousands of Palestinian prisoners—children, women, and men," said Saif Abu Keshek after he and Thiago Ávila were released by Israel without charges.
May 11, 2026
As the final two Global Sumud Flotilla members violently abducted at sea by Israeli forces last month made their way home following their release without charge, one of the activists said Sunday that the world must remember the thousands of Palestinians imprisoned by Israel.
Saif Abu Keshek and Thiago Ávila—whom Israel accused of having links to Hamas, without providing evidence—were seized in international waters off the coast of Greece during the night of April 29-30. They were among the roughly 175 people aboard the flotilla, which was attempting to break the decadeslong Israeli blockade of Gaza and deliver humanitarian aid to its people amid an ongoing genocide.
After suffering abuse that allegedly included broken ribs, noses, and other injuries, all of the flotilla members except Abu Keshek and Ávila were released. The pair was taken to Israel for further interrogation. Israel twice extended their detention for further interrogation, which, according to their legal representatives, included physical and psychological abuse amounting to torture. The men reportedly went on a hunger strike to protest their detention.
United Nations officials, Brazil, and Spain all called for the pair's release. Brazilian President Luiz Inácio Lula da Silva condemned their detention as "a serious affront to international law."
As Abu Keshek—a Spanish-Swedish national of Palestinian origin—arrived in Greece on Sunday following his deportation from Israel, he implored the world to remember the suffering of Palestinians imprisoned for their physical and intellectual resistance to Israeli oppression.
"I left behind me thousands of Palestinian prisoners—children, women, and men," he said in Athens. "I am sure that the treatment I faced does not compare to the suffering they are going through, the testimonies we hear of their torture, of their violation on a daily basis. We have to continue mobilizing. We cannot forget the Palestinian prisoners.”
Ávila, meanwhile, transited through Egypt en route to his native Brazil after his deportation. He is expected to arrive in São Paulo on Monday afternoon. Ávila's mother, Teresa Regina de Ávila e Silva, died while he was held in Israel.
Global Sumud Flotilla issued a statement following the activists' release, which it called "a victory over Israel’s attempts to criminalize the flotilla movement and smear international solidarity with Palestine as 'terrorism.'"
"If Israel had any evidence to support its outrageous accusations that the flotilla was affiliated with Hamas or engaged in unlawful activity, Thiago and Saif would not be released without charges," the statement says. "Their release further exposes these claims for what they are: politically motivated propaganda aimed at justifying violence against civilian flotilla participants and suppressing growing global resistance to Israel’s genocide and settler-colonial violence."
"However, their release underscores a painful reality: Thiago and Saif had governments, diplomatic channels, and international visibility advocating for them," Global Sumud Flotilla stressed. "Millions of Palestinians living under brutal Israeli occupation have no such political protection. More than 10,000 Palestinians remain imprisoned in Israeli dungeons and torture camps, subjected to starvation, abuse, isolation, medical neglect, sexual assault, and other cruel and degrading treatment, without international intervention or accountability."
Other Palestine defenders also used the activists' release to draw attention to the plight of Palestinians imprisoned by Israel.
"We insist that the global mobilization for the release of Saif and Thiago must not stop but must instead grow for the liberation of all Palestinian prisoners jailed by the Zionist regime," said Samidoun, also known as the Palestinian Prisoner Solidarity Network, "as well as Lebanese and Arab prisoners detained in its prisons, as well as the Palestinian prisoners and the prisoners for Palestine held in imperialist prisons around the world."
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"It's hard sometimes in our current political climate to imagine, but I think it's more important than ever for us to be imagining, because families cannot continue to be squeezed like this," said one advocate.
May 11, 2026
With the Trump administration announcing changes to federal childcare programs on Monday that advocates said would worsen the affordability crisis, the grassroots organizing group Community Change Action said President Donald Trump's attacks on the industry have made the push for a universal care system more urgent than ever as thousands of providers and parents joined the "Day Without Childcare" nationwide action.
"As families face a worsening affordability crisis and childcare costs are outpacing rent, providers have been shouldering the burden," said Community Change Action. "We can’t wait a second longer to create the universal childcare system we deserve—one that actually works, lifts the burden off of families and providers, and invests in our youngest generation to give them the strongest start possible."
The group said families and daycare providers are participating in at least 75 actions, including one-day center closures, across 28 states in its fifth annual Day Without Childcare (DWOCC)—an event that it said would "launch the nationwide campaign that will win universal childcare."
Events planned for Monday include a rally at the New Jersey Statehouse in Trenton; a gathering of childcare providers and parents during working hours in Yakima, Washington; lobbying visits to state representatives in California; and an early closure of People's Day Care in Gary, Indiana in solidarity with programs that have had to shut down "due to Indiana's choice to not fund early care and learning."
According to Meredith Loomis Quinlan, childcare lead for Community Change Action, more than 3,000 parents and providers around the country had committed to going on strike for the day.
In January, the Trump administration initiated a funding freeze targeting all states in what it said was a response to "fraud that appears to be rampant in Minnesota and across the country." The attack came after a right-wing influencer posted a video of a Somali-owned daycare center in Minnesota and accused its owners of fraud at the behest of Republican lawmakers. A small number of members of the state's Somali community were charged with defrauding the state's social services system.
The White House later said it would slash $10 billion in childcare funding for five Democratic-led states—an attempt that was blocked by a federal court last month.
And as families joined childcare providers and advocates on Monday to demand universal care with fair wages for providers, Trump was announcing changes to the federal Child Care and Development Fund (CCDF) that officials said would put "parents back in charge"—but would actually eliminate a 2024 rule that capped childcare copayments at 7% of household income for low-income families, according to analysts.
Loomis Quinlan told Common Dreams that the changes to CCDF will also require that "direct services be provided through grants or contracts and [will pay] childcare providers in advance for their services," as well as "requiring payment based on enrollment rather than actual attendance."
"Every one of those things is a direct attack on our childcare system," said Loomis Quinlan. "And they're trying to frame it as advancements. But it is absolutely not that. These rules are... not going to make childcare more affordable. They're not going to make sure that childcare providers are paid on time with consistency."
The administration's cuts and regulatory changes have come as families across the US are already facing rising grocery prices linked to the president's tariff policies, gas prices have surpassed $4.50 per gallon due to the US-Israeli war on Iran, and the White House's policies have worsened the already existing housing affordability crisis.
A report by Care.com found in 2024 that the average US family with young children was spending 24% of their income on childcare.
"Having this really big childcare bill for families is just untenable," Loomis Quinlan said. "And on the flip side, we know that the childcare providers are not making much in take-home pay, averaging around $14 an hour. And so they also aren't able to make ends meet."
Community Change Action emphasized that while attacking childcare centers' ability to keep their doors open, the Trump administration is also taking direct aim at many providers, more than 20% of whom are immigrants, through its mass deportation agenda. In Chicago last November, federal agents raided a daycare center and arrested a teacher in what one angry parent called an act of "domestic terrorism."
"We’ve had our funds frozen, violent armed ICE agents show up at our childrens’ safe spaces and our places of work, and our Black and Brown communities scapegoated," said the group, referring to US Immigration and Customs Enforcement. "It’s time to take bold, sustained action that starts with this year’s DWOCC."
Loomis Quinlan said that while the Trump administration is waging war on the childcare sector, progressive leaders like New York City Democratic Mayor Zohran Mamdani are making strides toward securing a universal childcare program for all families in the US. Mamdani joined forces with New York Gov. Kathy Hochul, also a Democrat, to fund a universal childcare program for the city earlier this year.
"We really feel like it's a moment to be clear about what families and providers need, which is a universal childcare program in this country," she told Common Dreams. "We need more investment, not less. Deregulating isn't the answer. The changes to the programs announced today by the Trump administration are not the answer. What we need, what we're organizing for today, is universal childcare."
Under the universal program proposed by the group, childcare providers would be paid "a wage that enables their own families to thrive, receive healthcare, paid leave, retirement, and other benefits, and be compensated on par with educators in their state’s K-12 system." It would also invest public resources to cover the true cost of care and professional development of the workforce, and protect against corporate profiteering.
Progressive US Sen. Bernie Sanders (I-Vt.) has long advocated for a universal program, which he's said should be funded by taxing the wealth of the top 0.1% richest Americans.
Loomis Quinlan emphasized that once a publicly funded universal childcare system is a reality, "it's going to be so evident that this is something we always should have had in this country."
"Can you imagine what it felt like when we were setting up the K-12 public education system in this country?" she said. "People probably thought that this was just 'pie in the sky.' And here we are, we have a great public education system in this country."
"It's hard sometimes in our current political climate to imagine, but I think it's more important than ever for us to be imagining, because families cannot continue to be squeezed like this," said Loomis Quinlan. "We need to start envisioning what it really looks like for our country to set families and kids up to prosper and thrive."
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One human rights lawyer said the centrist Pennsylvania governor was trying to stop Rabb because he's "anti-genocide, anti-AIPAC, pro-universal healthcare, and pro-labor."
May 11, 2026
Pennsylvania Gov. Josh Shapiro is working behind the scenes to derail progressive state representative Chris Rabb in his bid for a seat representing the state's 3rd Congressional District in the US House—reportedly putting his thumb on the scale to drag pediatric surgeon Dr. Ala Stanford, the Israel lobby’s preferred candidate, over the finish line.
Axios reported this weekend that the Democratic governor, who has sought to punish boycotts and other activism against Israel, was seeking to quietly influence the race to defeat Rabb, who has been an outspoken supporter of Palestinian rights on the campaign trail and a critic of Shapiro’s centrist stances.
Rabb has called for an arms embargo against Israel amid the genocide in Gaza and endorsed the right of return for Palestinian refugees. But he's also pressured Shapiro to end what he says is "state collaboration" with US Immigration and Customs Enforcement (ICE).
While still considered an underdog in the three-way primary, which takes place on May 19, Rabb has gained steam in recent weeks with key endorsements from progressive leaders, most notably Rep. Alexandria Ocasio-Cortez (D-NY), who has raised funds and plans to visit Philadelphia to campaign with him on Friday, days before voters head to the polls.
Shapiro has not publicly weighed in on the race and has not endorsed a candidate. But according to Axios, he and his team "privately told allies that he disapproves of Rabb and has taken steps to block his path, according to three people familiar with the discussions."
The report continued:
Shapiro has privately advised Philadelphia's building trades unions to avoid inadvertently helping Rabb, the lone progressive in the race, by attacking one of his center-left opponents, two of our sources told us.
The sources said Shapiro suggested that the building trades, which are backing another candidate, Sharif Street, avoid running negative ads against a third contender, Ala Stanford.
Street and Stanford are seen as traditional Democrats who share similar voters.
Stanford led the race with 28% of the vote, ahead of Rabb’s 23%, in a poll conducted in April by the 314 Action Fund, a super PAC backing Stanford.
However, that very PAC has proven a liability for Stanford in the stretch run of the campaign. Last month, Drop Site News revealed that 314 Action Fund had acted as a shell organization for the American Israel Public Affairs Committee (AIPAC) and had covertly received $500,000 from the lobbying group, which Democratic voters have come to overwhelmingly view as toxic.
The revelation has proven a public relations disaster for Stanford, who had said she “did not accept money from AIPAC” back in March. When confronted by voters about her views on the conflict, she has struggled to answer their questions and has faced heavy criticism for her statements that accusing Israel of "genocide," an opinion held by many leading human rights organizations and UN experts, is "hurtful" to Jewish people in the same way that using a racial slur is hurtful to Black people.
Amid other embarrassments, including her failure to explain her plan to "abolish" ICE and her rollout of what was described as a "comedically amateurish" policy platform on social media, Stanford dropped out of an April 29 debate just hours before it was set to take place, citing unspecified “misogynistic attacks and lies from both of my opponents.”
There have not been any public opinion polls on the race since Stanford's crash. But PoliticsPA.com now gives Street a 61% chance of winning, Rabb a 33% chance, and Stanford a distant 5% chance, citing prediction markets.
Axios suggested that Shapiro's primary goal is to prevent the votes from splitting between the two centrists, thereby allowing Rabb to win. But the piece suggests that Stanford is Shapiro's preferred horse.
Stanford has the backing of PA-03’s outgoing occupant, Rep. Dwight Evans (D), who is described as a close ally of Shapiro. Street is also described as having a “strained relationship” with Shapiro, who backed his rival in a 2022 struggle for leadership of the Pennsylvania Democratic Party.
Shapiro's push to blunt Rabb's momentum casts Philadelphia as yet another battleground in the broader war over the Democratic Party's identity, especially surrounding support for Israel, but also with other issues like immigration and healthcare, where leadership is out of step with voters' demands.
" Josh Shapiro is trying to derail the congressional run of Democratic PA State Rep Chris Rabb because Rabb is anti-genocide, anti-AIPAC, pro-universal healthcare, and pro-labor," said human rights lawyer Qasim Rashid.
Will Bunch, a columnist for The Philadelphia Inquirer, said the governor's effort to defeat Rabb was “one more reminder that Josh Shapiro is who we thought he was.”
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