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    Common DreamsTo inform. To inspire. To ignite change for the common good.

    wells fargo

    climate activists visit Wells Fargo

    An Antidote to Despair: Climate and Labor Unite

    Wells Fargo Workers United and Stop the Money Pipeline are teaming up to target one corporation that clearly doesn't care about everyday people: Wells Fargo.

    Sarah Lasoff
    Cole Weber
    Nov 01, 2025

    Living in the United States right now, it's easy to feel rage and despair. Corporations and billionaires have amassed so much money and power that popular opinions held by everyday working people are no longer represented by our federal government, and corporations are freer than ever to do what they like.

    The results are damning: rising costs of basic needs like healthcare, housing, insurance, and groceries, making them unaffordable. We are faced with increasingly dangerous extreme weather events, endangering our homes, businesses, and loved ones. We are exposed to more pollution and toxins in our air, water, and soil than ever before. On top of it all, our mandated tax dollars are being used to kill and starve children at home and abroad.

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    Opinion
    climate emergency
    Wells Fargo protest

    We’re Going After Wells Fargo—Here’s Why

    On August 15, we’re planning a nationwide day of actions at Wells Fargo’s headquarters, corporate offices, and branches across the country, to make it clear that the bank cannot bend the knee to Trump without massive backlash.

    Michelle Merrill
    Liv Senghor
    Rev. Amy Brooks Paradise
    Aug 13, 2025

    Since the Trump regime took power, corporations have been lining up to bend the knee—but no bank has done so as dramatically as Wells Fargo. So, on Friday August 15, we’re taking action to hold the bank accountable. Here’s why and how you can get involved.

    Just weeks after the inauguration, Wells Fargo became the only major U.S. bank to completely abandon its 2030 and 2050 climate goals, despite warnings from experts that we are headed toward catastrophic climate harms. The timing was not a coincidence.

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    Opinion
    wells fargo
    ​Morgan Stanley offices at Canary Wharf financial district in London.

    Morgan Stanley Latest Wall Street Giant to Ditch Net-Zero Coalition

    Earlier this week, Bank of America and Citigroup also said they were leaving the Net-Zero Banking Alliance.

    Eloise Goldsmith
    Jan 02, 2025

    On Thursday, the Wall Street titan Morgan Stanley became the latest financial institution to leave the Net-Zero Banking Alliance, a United Nations-convened group of banks committed to "aligning their lending, investment, and capital markets activities with net-zero greenhouse gas emissions by 2050."

    The defections keep piling up. Earlier this week, Bank of America and Citigroup said they were leaving the alliance, and earlier in December Goldman Sachs Group and Wells Fargo announced they were doing the same.

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    News
    climate emergency
    JPMorgan Chase CEO Jamie Dimon

    Wall Street Banks Accused of Trying to Sabotage Key Consumer Protection Rule

    "The CFPB must stop this ploy by the biggest banks to keep us trapped under their thumbs."

    Julia Conley
    Nov 15, 2024

    Consumer advocates applauded last month as the Consumer Financial Protection Bureau finalized a rule aimed at making it easier for people to switch financial institutions if they're unhappy with a bank's service, without the bank retaining their personal data—but on Thursday, more than a dozen groups warned the CFPB that major Wall Street firms are trying to stop Americans from benefiting from the rule.

    Several advocacy groups, led by the Demand Progress Education Fund, wrote to CFPB director Rohit Chopra warning that major banks—including JP Morgan Chase, Bank of America, Citi, TD Bank, and Wells Fargo—sit on the board of the Financial Data Exchange (FDX), which has applied to the bureau for standard-setting body (SSB) status, which would give it authority over what is commonly known as the "open banking rule."

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    News
    wall street
    Empty chairs and cubicles.

    A Death in a Cubicle Undermines the Case for In-Person Work

    How can an employee die at her desk and remain undiscovered for so long in a place supposedly designed to enhance collaboration and human connection?

    Gleb Tsipursky
    Sep 03, 2024

    The recent, tragic story of Denise Prudhomme, a 60-year-old Wells Fargo employee who was found dead at her cubicle four days after she came into her office, challenges the prevailing narrative about the supposed social and collaborative benefits of in-person work. Prudhomme's death went unnoticed in an environment that is often portrayed as fostering better communication and team cohesion. This disturbing reality casts serious doubt on the claims made by many corporate leaders that bringing workers back to the office is essential for their well-being and collaboration. The story reveals a stark contrast between the idealized vision of in-office work and its practical shortcomings.

    Corporate leaders frequently argue that remote work results in isolation and a loss of team spirit, emphasizing that the physical presence of employees is necessary to maintain a connected and innovative workplace. Yet, Prudhomme's case suggests otherwise. Despite being in the office, her presence—or rather, her tragic absence—went unnoticed for days. This raises a profound question: How can an employee die at her desk and remain undiscovered for so long in a place supposedly designed to enhance collaboration and human connection? Several employees noticed a foul odor but attributed it to faulty plumbing rather than the grim reality. This oversight reveals a significant disconnect between what companies claim about in-person work and what actually happens on the ground.

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    Opinion
    remote work
    An activist holds a sign in New York City

    Analysis Details How Wall Street Underwriting Quietly Funnels Billions Into Fossil Fuels

    "Underwriting is a huge missing piece of net-zero transition plans, allowing big U.S. banks to continue to help fossil fuel companies raise billions of dollars with limited scrutiny," said one campaigner.

    Kenny Stancil
    Jul 24, 2023

    A report out Monday sheds light on how big U.S. banks' underwriting of bonds and equities for polluting corporations constitutes a "hidden pipeline" for fossil fuel financing.

    It's no secret that financial institutions play a leading role in driving the climate emergency. Since 2016, the year the Paris agreement took effect, the world's 60 largest private banks have provided more than $5.5 trillion in financing to the fossil fuel industry, flouting their pledges to put themselves and their clients on a path to net-zero greenhouse gas emissions as the window to avert the worst consequences of the intensifying climate crisis rapidly closes.

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    News
    fossil fuel financing
    Bank of America protest

    Banks Accused of Placing 'Profit Over People and Our Planet' as Investor Climate Resolutions Fail

    "Investors who voted against these resolutions should expect to have a hard time sleeping at night with the knowledge that their misplaced greed will lead to climate destruction and chaos," said one campaigner

    Brett Wilkins
    Apr 25, 2023

    Activists on Tuesday lamented their failure of various climate and Indigenous rights resolutions at the annual shareholder meetings of some of the nation's biggest banks, with one campaigner accusing the financial institutions of prioritizing "profit over people and our planet."

    Just 10% of Citigroup shareholders and 7% of those owning Bank of America stock voted for resolutions urging banks to adopt a phaseout of financing for new fossil fuel projects. An unknown percentage of Wells Fargo shareholders voted for the resolution. Similar resolutions proposed last year garnered 13% of the vote at Citi and 11% at Bank of America and Wells Fargo.

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    News
    shareholder activism
    bank protests

    'This Must Stop,' Say Climate Activists Targeting US Banks' Fossil Fuel Financing

    "Our aim is to disrupt the banks as much as we can today to give them a glimpse of the destruction people are experiencing because of climate change," said one organizer.

    Brett Wilkins
    Apr 24, 2023

    Demanding an end to fossil fuel financing amid a worsening planetary emergency, climate and environmental justice campaigners on Monday staged coordinated protests in three cities against a trio of the biggest U.S. banks a day ahead of their annual shareholder meetings.

    Each of the demonstrations—which targeted the Charlotte, New York, and San Francisco headquarters of Bank of America, Citibank, and Wells Fargo, respectively—featured a delegation from Louisiana and Texas communities adversely affected by liquefied natural gas projects financed by the three banks.

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    News
    fossil fuel financing
    An activist holds a sign in New York City on March 21, 2023 during a national day of action to pressure major banks to stop financing the expansion of the fossil fuel industry.

    World's 60 Largest Banks Have Dumped $5.5 Trillion Into Fossil Fuels Since Paris Accord

    "Fossil fuel companies are the ones dousing the planet in oil, gas, and coal, but big banks hold the matches," said one advocate. "Without financing, fossil fuels won't burn."

    Kenny Stancil
    Apr 13, 2023

    Since 2016, the year the Paris agreement took effect, the world's 60 largest private banks have provided $5.5 trillion in financing to the fossil fuel industry, contravening their pledges to put themselves and their clients on a path to net-zero greenhouse gas emissions as the window to avert the worst effects of the climate crisis rapidly closes.

    That's according to the latest iteration of Banking on Climate Chaos, an annual report that tracks how the financial industry's lending and underwriting practices are enabling new coal, oil, and gas projects to proceed despite the international scientific consensus that fossil fuel expansion is incompatible with limiting global warming to 1.5°C above preindustrial levels.

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    News
    fossil fuel financing
    Climate activists demonstrate outside the headquarters of JPMorgan Chase during the bank's annual shareholder meeting on May 17, 2022 in New York City.

    Climate Coalition Targets Big Banks and Insurance Giants With New Shareholder Campaign

    "The planet is running out of time and the banks are running out of excuses," said climate leader Bill McKibben.

    Brett Wilkins
    Mar 01, 2023

    A coalition of more than 240 advocacy groups on Wednesday launched a "Shareholder Showdown" campaign in support of shareholder resolutions urging climate action and respect for Indigenous rights at major U.S. and Canadian banks and insurance companies.

    According to campaign coordinator Stop the Money Pipeline, the resolutions—which were filed by investors including the New York City and state pension funds, Sierra Club Foundation, and others—would require banks and insurance companies to "phase out their financing of companies engaged in fossil fuel expansion, report on projects that could violate Indigenous rights, use absolute emissions rather than emissions intensity targets, disclose 2030 transition plans, and hold directors accountable at banks that are not aligned with 1.5°C pathways."

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    News
    shareholder activism
    See More

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