Fidelity’s lagging on climate and environmental justice issues comes as less of a surprise given its extremely close - but largely unscrutinized - ties to the fossil fuel industry, specifically at the heights of the firm’s ownership and governance.
Over the past decade, housing in the U.S. has become increasingly consolidated into the hands of corporations, while rents and home prices have skyrocketed to unprecedented levels.
Vanguard’s Empty Promises: How Vanguard Funds Harm and Fuels Extractive Industry Pennsylvania based asset manager, Vanguard, is the world’s second largest asset manager, with over $8 trillion in assets under management. Vanguard is referred to as a “universal owner,” with
As Blackrock Rushes to Cut Climate Risk, Lead Director Murry Gerber Doubles Down on Fossil Fuels
There has been growing recognition over the last decade of the destructive role that big banks have played in our society, harming our communities and our planet. There is wider awareness now of the ways that big banks worsened racial economic inequality, by both redlining certain neighborhoods, preventing families of color from buying homes, and also targeting those same neighborhoods for high-cost predatory loans that stripped homeowners of their wealth.
Fueling the Fire: Why any fossil fuel industry bailout will be disastrous for communities of color | OCT 2020
How Our State and Local Governments Can Save More Than $160 Billion a Year by Cutting Interest Payments to Investors | by Saqib Bhatti and Brittany Alston | SEP 2020
How Big Pharma's Racist Price Gouging Kills Black and Brown Folks | August 2020 | Report by Sharon Post and Maurice BP-Weeks