They will still directly fund coal plants that are taking steps to abate their emissions using the untested technology.
Environmentalists question the sustainability commitments made by Denver-based Civitas Resources.
JPMorgan Chase, Bank of America, Citibank and Wells Fargo are among those putting big money into companies that operate coal plants.
The Treasurer’s Office paid $73.2 million to banks that sell state climate bonds while still funding fossil fuels.
The fossil fuel industry and right-wing activists are increasingly targeting investors that consider environmental and social issues — but is it working?
Some experts say banks should be financing renewables at a much higher rate, for climate and ROI reasons.
National day of protest will target JPMorgan Chase, Citigroup, Bank of America and Wells Fargo as new U.N. report warns of catastrophic climate impacts.