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Tlaib, Pressley and Markey Unveil Bill Targeting Bank Climate Financing
Original: Reps. Tlaib, Pressley, Senator Markey Announce Legislation to Stop Big Banks from Bankrolling the Climate Crisis
Representatives Rashida Tlaib and Ayanna Pressley, together with Senator Ed Markey, have announced new legislation aimed at stopping major US banks from financing fossil fuel projects. The measure would curb Wall Street funding of activities that drive the climate crisis, putting pressure on large financial institutions to align their lending with climate goals. Details of the bill's provisions and its prospects in Congress have not yet been released.
Why now: Lawmakers just announced the legislation, drawing attention to banks' role in fossil fuel financing.
Rashida TlaibAyanna PressleyEd MarkeyUS Congress
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