Rep. Rashida Tlaib (D-Mich.) met with resistance when she asked the CEOs of America’s seven biggest banks, during their testimony before Congress on Sept. 21, about the elimination of funding for fossil fuel investments.
“You have all committed, as you all know, to transition the emissions from lending and investment activities to align with pathways to net-zero in 2050 … So no new fossil fuel production, starting today, so that’s like zero. I would like to ask all of you, and go down the list, because again, you all have agreed to doing this. Please answer with a simple yes or no: does your bank have a policy against funding new oil and gas products, Mr. Diamond?” Tlaib asked.
