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 health issues for communities, such as the indigenous Mapuche people in Argentina and families in Mozambique affected by gas extraction projects. Despite the Paris Agreement's goals to reduce emissions, major lending institutions have continued to provide substantial financing to fossil fuel companies, totaling $3.8 trillion from 2016 to 2020.

The resolution calls for a shift towards sustainable energy financing, citing examples of environmentally conscious practices by institutions like NatWest, which has committed to significant investments in sustainable projects and has set goals to phase out coal financing and achieve net-zero emissions by 2050. It emphasizes the importance of other lending institutions following suit to mitigate the harmful impacts of climate change and protect the environment. The resolution will be transmitted to key state officials to encourage action on this matter.