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    a group of protestors hold signs

    Banking on Climate Chaos Report Shows 'Tremendous' Financing Surge

    "The time for climate justice is now, and that means ending fossil fuel investment at its source and holding banks and financial institutions accountable," said one Native American environmental activist.

    Eloise Goldsmith
    Jun 17, 2025

    The 16th annual Banking on Climate Chaos report, which was released Tuesday, found that dozens of the world's biggest banks committed $869 billion to firms engaged in fossil fuels in 2024—a "tremendous" increase from the overall fossil fuel financing that was recorded the year prior, according to the authors of the study.

    The report comes a few months after the World Meteorological Organization announced a new milestone in the climate crisis: Not only was 2024 the warmest year in a 175-year observational period, reaching a global surface temperature of roughly 1.55°C above the preindustrial average for the first time, but each of the past 10 years was also individually the 10 warmest on record.

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    News
    climate emergency
    Sen. Elizabeth Warren

    Warren to Trump Treasury Chief: Did You Give Wall Street Execs Insider Info on Trade Talks?

    "You owe Congress and the public an explanation for why you and other White House officials appear to be providing Wall Street insiders secret information on the tariffs," wrote Democratic Sen. Elizabeth Warren.

    Jake Johnson
    Apr 28, 2025

    Democratic U.S. Sen. Elizabeth Warren is pressing Treasury Secretary Scott Bessent for answers following reports that officials inside President Donald Trump's White House have been providing Wall Street executives with advance notice about potentially market-moving trade talks with other nations, including China and India.

    In a letter to Bessent dated April 25, Warren points to a Bloomberg story noting that Bessent "told a closed-door investor summit" that the "tariff standoff with China cannot be sustained by both sides and that the world's two largest economies will have to find ways to de-escalate."

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    News
    wall street
     Traders work on the floor of the New York Stock Exchange, next to memorabilia for President Donald Trump

    American Oligarchy Petrified by Economic Chaos But Won't Criticize Trump Directly

    Trump has too many ways to punish them.

    Robert Reich
    Apr 14, 2025

    Friends,

    As tens of millions of Americans hussle to pay their taxes, President Donald Trump has put the entire global economy into chaos. 401(k)s are tanking, savings are shrinking, treasury bonds are losing value, supply chains are convulsing.

    Keep ReadingShow Less
    Opinion
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