Climate Financial Reform

We are holding insurance giants, big banks, and other companies that enable climate change accountable when they risk our financial well-being.

Patrick Davis | Used by permission
Mike Litt, PIRG's consumer campaign director, helped introduce the Fossil Free Finance Act with Sen. Markey, Reps. Pressley and Tlaib, Public Citizen, and the Hip Hop Caucus.

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In addition to being an environmental and public health threat, climate change can put all of us at financial risk.

For example: 

  • Investors could suffer meaningful losses to their reitrement savings and other investments if their portfolios are exposed to climate change risks created by insurance giants, big banks, and other companies.
  • Consumers could lose access to financial products and services, such as mortgages and homeowners insurance, in geographic areas hit by climate change-related natural disasters.

U.S. PIRG is educating consumers about the financial risks posed by climate change, and we are holding companies that enable it accountable when they risk our financial well-being.

Mike Litt, PIRG’s consumer campaign director, speaking at the Consumer Federation of America’s (CFA) 56th Annual Consumer Assembly on a panel about consumer protections and climate change in June 2022.
End Fossil Fuel Financing: Pass the Fossil Free Finance Act

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End Fossil Fuel Financing: Pass the Fossil Free Finance Act

Too many of our largest banks are fueling climate change by continuing to lend to big, dirty fossil fuel projects. The longer that our nation’s largest banks keep financing dirty fossil fuel projects, the more they set us up for a large-scale, climate-induced economic collapse.

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Mike Litt

Director, Consumer Campaign, PIRG

Mike directs U.S. PIRG’s national campaign to protect consumers on Wall Street and in the financial marketplace by defending the Consumer Financial Protection Bureau, and works for stronger privacy protections and corporate accountability in the wake of the Equifax data breach. Mike lives in Washington, D.C.

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