The 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. It highlights the detrimental effects of greenhouse gas emissions on global temperatures, which lead to severe weather events and environmental degradation. Despite the global commitment to reduce emissions through the Paris Agreement, major lending institutions have continued to provide substantial financing to fossil fuel companies, totaling $3.8 trillion from 2016 to 2020. The resolution also points out specific cases where such financing has harmed local communities, such as the indigenous Mapuche people in Argentina and families in Mozambique, who have faced health issues and loss of livelihoods due to these projects.

The resolution calls for a shift towards sustainable energy financing, citing examples of environmentally conscious institutions like NatWest, which have committed to significant investments in sustainable projects and have taken steps to limit their financing of fossil fuel initiatives. It emphasizes the need for other lending institutions to adopt similar practices to mitigate the impacts of climate change and protect the environment. The resolution concludes by urging the State's lending institutions to stop financing harmful projects and instead support sustainable energy initiatives to safeguard the planet and its inhabitants.