November 2024 newsletter: Reflections on global gatherings

November 26, 2024
Stand's Amazonia campaigner Gisela Hurtado being interviewed at COP29.

For people who care about climate action, social justice, and democracy, there has been a lot at stake across recent elections in the U.S. and Canada. And if, like our team here at Stand.earth, you’re worried about what the outcome means for the planet and the people you care about – you are not alone.

There’s no doubt that the coming years will be a battle, but we believe in the strength and dedication of this community. We know huge strides are possible in the coming years, but we can only seize these opportunities if we all join together and risk our own safety at times to stand as one. We must try tactics in the advocacy space we have been too afraid to do in the past, and fight like our lives and the lives of our family, friends, neighbors, and community members depend upon it.

Because that is where we are at this moment. Thank you for standing with us as we gear up to fight like never before.


Reasons for hope and continued advocacy from our campaigners at COP16 and COP29

After two weeks on the ground lobbying for progress, our staff wrapped up work earlier this month at the United Nations Biodiversity Conference (COP16) in Colombia, representing our forest biomass and Amazonia campaigns. The conference achieved several important things, particularly in recognizing the essential role of Indigenous Peoples and local communities in biodiversity conservation and advancing the alignment of biodiversity and climate discussions at the UN. But additional urgent action is needed, especially to address funding gaps, transition away from fossil fuels, and fight illegal economies that drive biodiversity loss and deforestation in the Amazon. Here’s a look at what COP16 accomplished, what still needs work, and how we’re continuing the fight for the future of the forests and the Amazon.

Over the past two weeks, our campaigners’ focus shifted to COP29 in Azerbaijan, where they joined grassroots activists from around the world to expose the harm the forest biomass industry causes to people and the planet, and to advance a shared vision for protecting the Amazon Rainforest. While the end product of this year’s negotiations were deeply inadequate, our team was able to lay important groundwork toward the next COP, which is expected to be particularly consequential as it is being held in Brazil with proximity and relevance to our Amazon workHere’s a recap of our campaigners’ time at COP29, and why they left feeling disappointed yet more determined than ever.

Read more reflections from COP16 and COP29


New report shows 160 banks are perpetuating LNG emissions crisis at sea

JPMorgan Chase, HSBC, Mitsubishi Financial Group, and Goldman Sachs are among the top ten banks globally financing maritime Liquified Natural Gas (LNG) expansion, according to a new report released by Stand.

​​International shipping is already one of the largest greenhouse gas polluters in the world, and the International Council on Clean Transportation has shown in 2020 that LNG-fueled shipping is between 70% and 82% worse for the climate than oil-fueled business-as-usual shipping. Our new report, Banking on a Climate Shipwreck, is the accumulation of months of research and ranks international banks in terms of how much they have financed maritime LNG.

This report identified 160 banks involved, but just the top 10 were responsible for nearly half of all financing for the maritime LNG expansion.

Read the report

 Uplifting divestment news! 

The past month has seen two encouraging moments of progress on our divestment work.

In late October, New York City announced a commitment to exclude new pension investments in private equity-backed fossil fuel midstream and downstream companies and projects, addressing a significant loophole in the funds’ Net-Zero Implementation Plan. This makes NYCERS, NYCTRS, and NYCBERS – three New York City public pensions representing $207 billion in assets – the first-in-the-nation to make such a commitment, setting precedent for funds across the country and around the world to follow suit.

Then, earlier this month, 27 faith institutions announced their divestment from fossil fuel companies, sending a strong signal to negotiators at the UN climate summit in Azerbaijan. They are making it clearer than ever that fossil fuels are morally unacceptable, given the negative climate, biodiversity and human rights impacts of extracting, transporting and burning fossil fuels.

Over the past decade, more than 1,600 institutions from all sectors, with combined assets of over $40 trillion, have made some form of fossil fuel divestment commitment, up from a starting point of $50 billion in 2014.


Climate-conscious Taylor Swift superfans win concert tickets through Unite the Swifties

Three Canadians learned that their advocacy to draw attention to the fact that RBC is Canada’s #1 fossil fuel financing bank has secured each of them two tickets to coveted Eras Tour concerts in Toronto and Vancouver this month. RBC is a primary sponsor of the Canadian Eras Tour, which is why the Unite the Swifties campaign organized by Stand, Decolonial Solidarity, and Change Course is also urging Taylor to break up with RBC over toxic fossil fuel and weapons investments.

Earlier this year, 9,000 Unite the Swifties participants from coast-to-coast completed climate actions to hold RBC accountable for its billions in fossil fuel financing, weapons investments, and Indigenous rights violations, entering to win Eras Tour tickets. For more than half of participants, this was their first-ever climate action, demonstrating the creative contest’s ability to reach new climate-conscious people.

Learn more about the campaign


Educational campaign challenges gas industry disinformation

Stand and Dogwood BC recently launched an educational campaign to push back against gas industry greenwashing efforts by exposing the dangers of using fossil fuels to heat buildings. The campaign, Monster Misconceptions of Un-Natural Gas, includes an animation video, informational graphics, and a website which debunks industry disinformation regarding “natural” gas in homes and provides a path towards a clean energy future.

Municipalities across North America have been introducing local policies to rein in community-level emissions by requiring that new buildings use non-emitting heating systems. In response, gas companies and associations have mounted aggressive campaigns to prevent these local climate policies from moving forward. Neither green, clean, nor low-carbon, the use of fossil fuels to heat buildings is a significant driver of the climate crisis – in spite of how gas companies market their product.

View the website and video


Fuel the fight for a climate-safe future

Giving Tuesday is less than a week away, but why wait to spark change? Your donation drives bold action against corporate greenwashing and demands real climate solutions. Together, we can take on the big polluters and hold them accountable for putting profits above our planet.

Giving Tuesday is more than just a day, it’s a global movement that fuels grassroots efforts to create change. For organizations like Stand.earth, it’s a critical moment to rally support, amplify our impact, and power the bold actions needed to protect people and the planet. Every gift, no matter the size, helps us confront corporate greenwashing and push for real climate solutions when it matters most.

If you’ve stood with us before, you know how critical it is to challenge destructive corporations. Now, we’re counting on the Stand.earth community to lead the way.

Here’s the challenge: if 800 of us each chip in $25 by Dec. 3, we’ll create momentum that will inspire even more supporters to join us. Together, we’ll be one step closer to reaching our ambitious $700,000 year-end goal to power our work into 2025. Every dollar fuels this fight – will you be one of the first to take a stand?

Donate now


Overheard in the news

“Financial institutions are talking about ‘nature positive solutions,’ but none of them mention the actual solution: to stop financing the drivers of deforestation and stop financing fossil fuels.”

— Martyna Dominiak
Senior Climate Finance Campaigner
Stand.earth

Read the article in DeSmog