The Senate Resolution urges lending institutions in the State to cease financing projects that contribute to climate change, particularly those involving fossil fuels such as oil, gas, and coal. The resolution highlights the detrimental effects of greenhouse gas emissions on global temperatures, which lead to severe weather events and health issues for communities, particularly indigenous populations affected by fracking and gas extraction projects. It cites the significant financing provided by the world's largest lending institutions to fossil fuel companies, totaling $3.8 trillion from 2016 to 2020, despite international efforts like the Paris Agreement aimed at reducing emissions.

The resolution calls for a shift towards sustainable energy financing, using NatWest as an example of a lending institution that has committed to substantial investments in sustainable projects and has taken steps to limit its financing of fossil fuel projects. It emphasizes the need for other lending institutions to adopt similar practices to mitigate the harmful impacts of climate change and protect the environment. The resolution concludes by urging the State's lending institutions to stop funding projects that exacerbate climate change and to prioritize sustainable energy initiatives.