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Tlaib, Pressley and Markey Unveil Bill Targeting Banks Over 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 legislation aimed at stopping major US banks from financing fossil fuel projects. The measures would curb what the lawmakers describe as Wall Street's role in bankrolling the climate crisis. The announcement is expected to renew debate over banks' lending to oil, gas and coal companies and pressure financial institutions over their climate records.
Why now: The new bill puts a spotlight on big banks' fossil fuel financing, a contentious issue in current climate policy debates.
Rashida TlaibAyanna PressleyEd MarkeyUS CongressBig banks
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