Tell the Biggest Fossil banks to Stop Fossil Fuel Expansion

Our latest report is exposing the world’s biggest banks for directly bankrolling the climate crisis, human rights abuses, and deforestation. What did we find? JPMorgan Chase, Citi, Wells Fargo, and Bank of America account for more than 25% of fossil fuel financing from 60 banks around the world.

Tell the CEOs of the top U.S. fossil fuel banks that their lack of climate action won’t cut it, they must make a plan to phase out all fossil fuel financing for good.

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CEO

Jamie

Dimon

JPMorgan Chase

My message to Jamie  Dimon

Your bank is among the top four fossil fuel financers in the world since the adoption of the Paris Climate Agreement at the end of 2015. Writing blank checks to the world's biggest expanders of fossil fuels locks us all into a world of runaway global warming.

As the International Energy Agency underlined in its Net Zero by 2050 scenario, the path to that goal is "narrow but still achievable" -- and requires an immediate end to new oil and gas fields, coal mines or coal plants. As you know, potential emissions from oil, gas and coal reserves already in production more than exhaust a 2°C carbon budget, and take us far beyond 1.5°C.

We have seen some of your U.S. peer banks fail in their most recent climate steps, setting intensity-only targets that are fully compatible with expansion of fossil fuels and increases in absolute emissions -- in the decade in which we must halve absolute emissions in order to stave off the worst effects of the climate crisis.

We call on you to take concrete steps to align with a world in which climate change is limited to 1.5°C and human rights are fully respected, by taking the following steps:

- Immediately end financing for expansion of fossil fuels;
- Setting 1.5°C-aligned zero dates for fossil fuels; 
- Ensure that the bank reduces absolute financed emissions each year, starting immediately, on a 1.5°C-aligned timeline, without reliance on offsets; 
- Protect our most vital carbon sinks by ending financing for deforestation, across all forest-risk commodities; and
- Immediately end financing for projects and companies that are implicated in abuses of human rights, especially Indigenous rights.

You have an opportunity to take a leadership position on climate and justice, and we urge you to seize it.

For people and planet,

Kind regards,
{user_data~First Name} {user_data~Last Name}

CEO

Brian T.

Moynihan

Bank of America

My message to Brian T. Moynihan

Your bank is among the top four fossil fuel financers in the world since the adoption of the Paris Climate Agreement at the end of 2015. Writing blank checks to the world's biggest expanders of fossil fuels locks us all into a world of runaway global warming.

As the International Energy Agency underlined in its Net Zero by 2050 scenario, the path to that goal is "narrow but still achievable" -- and requires an immediate end to new oil and gas fields, coal mines or coal plants. As you know, potential emissions from oil, gas and coal reserves already in production more than exhaust a 2°C carbon budget, and take us far beyond 1.5°C.

We have seen some of your U.S. peer banks fail in their most recent climate steps, setting intensity-only targets that are fully compatible with expansion of fossil fuels and increases in absolute emissions -- in the decade in which we must halve absolute emissions in order to stave off the worst effects of the climate crisis.

We call on you to take concrete steps to align with a world in which climate change is limited to 1.5°C and human rights are fully respected, by taking the following steps:

- Immediately end financing for expansion of fossil fuels;
- Setting 1.5°C-aligned zero dates for fossil fuels; 
- Ensure that the bank reduces absolute financed emissions each year, starting immediately, on a 1.5°C-aligned timeline, without reliance on offsets; 
- Protect our most vital carbon sinks by ending financing for deforestation, across all forest-risk commodities; and
- Immediately end financing for projects and companies that are implicated in abuses of human rights, especially Indigenous rights.

You have an opportunity to take a leadership position on climate and justice, and we urge you to seize it.

For people and planet,

Kind regards,
{user_data~First Name} {user_data~Last Name}

CEO

Jane

Fraser

Citigroup

My message to Jane Fraser

Your bank is among the top four fossil fuel financers in the world since the adoption of the Paris Climate Agreement at the end of 2015. Writing blank checks to the world's biggest expanders of fossil fuels locks us all into a world of runaway global warming.

As the International Energy Agency underlined in its Net Zero by 2050 scenario, the path to that goal is "narrow but still achievable" -- and requires an immediate end to new oil and gas fields, coal mines or coal plants. As you know, potential emissions from oil, gas and coal reserves already in production more than exhaust a 2°C carbon budget, and take us far beyond 1.5°C.

We have seen some of your U.S. peer banks fail in their most recent climate steps, setting intensity-only targets that are fully compatible with expansion of fossil fuels and increases in absolute emissions -- in the decade in which we must halve absolute emissions in order to stave off the worst effects of the climate crisis.

We call on you to take concrete steps to align with a world in which climate change is limited to 1.5°C and human rights are fully respected, by taking the following steps:

- Immediately end financing for expansion of fossil fuels;
- Setting 1.5°C-aligned zero dates for fossil fuels; 
- Ensure that the bank reduces absolute financed emissions each year, starting immediately, on a 1.5°C-aligned timeline, without reliance on offsets; 
- Protect our most vital carbon sinks by ending financing for deforestation, across all forest-risk commodities; and
- Immediately end financing for projects and companies that are implicated in abuses of human rights, especially Indigenous rights.

You have an opportunity to take a leadership position on climate and justice, and we urge you to seize it.

For people and planet,

Kind regards,
{user_data~First Name} {user_data~Last Name}

CEO

Charles

Scharf

Wells Fargo

My message to Charles Scharf

Your bank is among the top four fossil fuel financers in the world since the adoption of the Paris Climate Agreement at the end of 2015. Writing blank checks to the world's biggest expanders of fossil fuels locks us all into a world of runaway global warming.

As the International Energy Agency underlined in its Net Zero by 2050 scenario, the path to that goal is "narrow but still achievable" -- and requires an immediate end to new oil and gas fields, coal mines or coal plants. As you know, potential emissions from oil, gas and coal reserves already in production more than exhaust a 2°C carbon budget, and take us far beyond 1.5°C.

We have seen some of your U.S. peer banks fail in their most recent climate steps, setting intensity-only targets that are fully compatible with expansion of fossil fuels and increases in absolute emissions -- in the decade in which we must halve absolute emissions in order to stave off the worst effects of the climate crisis.

We call on you to take concrete steps to align with a world in which climate change is limited to 1.5°C and human rights are fully respected, by taking the following steps:

- Immediately end financing for expansion of fossil fuels;
- Setting 1.5°C-aligned zero dates for fossil fuels; 
- Ensure that the bank reduces absolute financed emissions each year, starting immediately, on a 1.5°C-aligned timeline, without reliance on offsets; 
- Protect our most vital carbon sinks by ending financing for deforestation, across all forest-risk commodities; and
- Immediately end financing for projects and companies that are implicated in abuses of human rights, especially Indigenous rights.

You have an opportunity to take a leadership position on climate and justice, and we urge you to seize it.

For people and planet,

Kind regards,
{user_data~First Name} {user_data~Last Name}