Urges lending institutions in State to stop financing projects that contribute to climate change.

This non-binding Senate Resolution (SR 17) urges New Jersey's lending institutions to stop financing projects that contribute to climate change, such as fossil fuel exploration and extraction. It cites that major global banks provided $3.8 trillion to oil, gas, and coal companies between 2016-2020, while noting negative impacts like health issues for the Mapuche people in Argentina and forced relocations in Mozambique linked to such projects. The resolution references NatWest's example of pledging $133 billion for sustainable energy by 2025 and phasing out coal financing by 2030. It does not mandate action but calls on institutions to align with Paris Agreement goals and reduce fossil fuel funding.