Chase: No More Greenwashing

Financing everything from pipelines to palm oil to pulp and paper, Chase isn’t just exploiting the planet, it’s violating human rights and destroying lives and livelihoods from Minnesota to Indonesia.

Help us send Chase’s Head of Corporate Responsibility an important message: Immediately end financing for projects and companies that are implicated in abuses of human rights, deforestation, and climate destruction.

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Corporate Responsibility

Peter

Scher

JP Morgan Chase

Peter Scher,

According to the Intergovernmental Panel on Climate Change (IPCC)’s special report on 1.5°C, we have less than ten years to halve emissions in order to stave off the worst effects of the climate crisis. Given this urgency, it is unacceptable that JPMorgan Chase is continuing to pour tens of billions of dollars into dirty fossil fuel projects and companies, a total of $317 billion in the last 5 years alone.

Your bank remains the world’s biggest banker of fossil fuels, and we have a set of clear demands for you:

- Immediately end support for expansion of fossil fuels, because potential emissions from oil, gas and coal reserves already in production more than exhaust a 2°C carbon budget, let alone 1.5°C; 
- Phase out support for fossil fuels, starting immediately, on a 1.5°C-aligned timeline; 
- End support for deforestation, across all forest-risk commodities; and
- Immediately end support for projects and companies that are implicated in abuses of human rights, especially Indigenous rights.

These are necessary steps for aligning the bank with a world in which climate change is limited to 1.5*C and human rights are fully respected. We will judge the bank’s forthcoming 2030 targets against this benchmark.

We are now in the decisive decade for the climate, and we need to see meaningful action NOW.

Kind regards,
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