Tell the Top 5 US LNG Banks to stop financing Fossil Fuel Expansion

Big Banks — and their fossil fuel clients — love to greenwash LNG (liquefied "natural" gas) as a “bridge fuel.” LNG is the fastest growing fossil fuel sector at exactly the time that all science tells us we can’t afford a single new fossil fuel expansion project.

Email the CEOs of Morgan Stanley, Citi, JPMorgan Chase, Bank of America, and Goldman Sachs using the form below, calling on them to divest from LNG expansion now.

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CEO

Jamie

Dimon

JPMorgan Chase

Jamie  Dimon,

LNG — liquefied “natural” gas — is conventional or unconventional gas cooled at around -160°C and condensed into a liquid in terminals situated on the coast or offshore. From there, the liquefied gas can be shipped on tankers to be exported, regasified, and burned on the other side of the planet. In addition to being an extremely energy-intensive process, creating such long supply chains means even more opportunities for methane to escape into the atmosphere.

Liquified Natural Gas is not natural at all. This fracked gas continues to be touted by industry, governments, and banks as a “bridge fuel,” even after the International Energy Agency stated that in their special report, Net Zero by 2050: A Road Map for the Global Energy Sector, “No new natural gas fields are needed in the Net Zero Emissions beyond those already under development. Also not needed are many of the LNG liquefaction facilities currently under construction or at the planning stage.”

Meanwhile, a slate of proposed export terminals in North America, concentrated on the Gulf Coast, in black and brown communities already overburdened with pollution and climate impacts, could be looking to banks to finance their massive projects in the coming years.

Despite climate and community impacts and a rapidly changing market, your bank is one of the top US banks behind fracked gas terminals in the Gulf Coast and around the world. As such, you are continuing to finance climate disasters.

Fracked gas is being propped up by the fossil fuel industry as the answer to Europe’s energy needs. The trick is that new fracked gas terminals cost from $10-$30 billion and take 3-5 years to construct, locking us into decades more dependence on fossil fuels. New fracked gas expansion is not going to support energy needs this winter -- this year, or next.

Ending fossil fuel expansion, getting off fossil fuels, and making a just transition to renewables will help our collective efforts towards climate stability and give us a fighting chance to stop climate catastrophe.

Your bank must stop financing fracked gas terminals. We need real solutions.

{user_data~First Name} {user_data~Last Name}

CEO

Brian T.

Moynihan

Bank of America

Brian T. Moynihan,

LNG — liquefied “natural” gas — is conventional or unconventional gas cooled at around -160°C and condensed into a liquid in terminals situated on the coast or offshore. From there, the liquefied gas can be shipped on tankers to be exported, regasified, and burned on the other side of the planet. In addition to being an extremely energy-intensive process, creating such long supply chains means even more opportunities for methane to escape into the atmosphere.

Liquified Natural Gas is not natural at all. This fracked gas continues to be touted by industry, governments, and banks as a “bridge fuel,” even after the International Energy Agency stated that in their special report, Net Zero by 2050: A Road Map for the Global Energy Sector, “No new natural gas fields are needed in the Net Zero Emissions beyond those already under development. Also not needed are many of the LNG liquefaction facilities currently under construction or at the planning stage.”

Meanwhile, a slate of proposed export terminals in North America, concentrated on the Gulf Coast, in black and brown communities already overburdened with pollution and climate impacts, could be looking to banks to finance their massive projects in the coming years.

Despite climate and community impacts and a rapidly changing market, your bank is one of the top US banks behind fracked gas terminals in the Gulf Coast and around the world. As such, you are continuing to finance climate disasters.

Fracked gas is being propped up by the fossil fuel industry as the answer to Europe’s energy needs. The trick is that new fracked gas terminals cost from $10-$30 billion and take 3-5 years to construct, locking us into decades more dependence on fossil fuels. New fracked gas expansion is not going to support energy needs this winter -- this year, or next.

Ending fossil fuel expansion, getting off fossil fuels, and making a just transition to renewables will help our collective efforts towards climate stability and give us a fighting chance to stop climate catastrophe.

Your bank must stop financing fracked gas terminals. We need real solutions.

{user_data~First Name} {user_data~Last Name}

CEO

David

Solomon

Goldman Sachs & Co.

David Solomon,

LNG — liquefied “natural” gas — is conventional or unconventional gas cooled at around -160°C and condensed into a liquid in terminals situated on the coast or offshore. From there, the liquefied gas can be shipped on tankers to be exported, regasified, and burned on the other side of the planet. In addition to being an extremely energy-intensive process, creating such long supply chains means even more opportunities for methane to escape into the atmosphere.

Liquified Natural Gas is not natural at all. This fracked gas continues to be touted by industry, governments, and banks as a “bridge fuel,” even after the International Energy Agency stated that in their special report, Net Zero by 2050: A Road Map for the Global Energy Sector, “No new natural gas fields are needed in the Net Zero Emissions beyond those already under development. Also not needed are many of the LNG liquefaction facilities currently under construction or at the planning stage.”

Meanwhile, a slate of proposed export terminals in North America, concentrated on the Gulf Coast, in black and brown communities already overburdened with pollution and climate impacts, could be looking to banks to finance their massive projects in the coming years.

Despite climate and community impacts and a rapidly changing market, your bank is one of the top US banks behind fracked gas terminals in the Gulf Coast and around the world. As such, you are continuing to finance climate disasters.

Fracked gas is being propped up by the fossil fuel industry as the answer to Europe’s energy needs. The trick is that new fracked gas terminals cost from $10-$30 billion and take 3-5 years to construct, locking us into decades more dependence on fossil fuels. New fracked gas expansion is not going to support energy needs this winter -- this year, or next.

Ending fossil fuel expansion, getting off fossil fuels, and making a just transition to renewables will help our collective efforts towards climate stability and give us a fighting chance to stop climate catastrophe.

Your bank must stop financing fracked gas terminals. We need real solutions.

{user_data~First Name} {user_data~Last Name}

CEO

James P.

Gorman

Morgan Stanley & Co. LLC

James P.  Gorman,

LNG — liquefied “natural” gas — is conventional or unconventional gas cooled at around -160°C and condensed into a liquid in terminals situated on the coast or offshore. From there, the liquefied gas can be shipped on tankers to be exported, regasified, and burned on the other side of the planet. In addition to being an extremely energy-intensive process, creating such long supply chains means even more opportunities for methane to escape into the atmosphere.

Liquified Natural Gas is not natural at all. This fracked gas continues to be touted by industry, governments, and banks as a “bridge fuel,” even after the International Energy Agency stated that in their special report, Net Zero by 2050: A Road Map for the Global Energy Sector, “No new natural gas fields are needed in the Net Zero Emissions beyond those already under development. Also not needed are many of the LNG liquefaction facilities currently under construction or at the planning stage.”

Meanwhile, a slate of proposed export terminals in North America, concentrated on the Gulf Coast, in black and brown communities already overburdened with pollution and climate impacts, could be looking to banks to finance their massive projects in the coming years.

Despite climate and community impacts and a rapidly changing market, your bank is one of the top US banks behind fracked gas terminals in the Gulf Coast and around the world. As such, you are continuing to finance climate disasters.

Fracked gas is being propped up by the fossil fuel industry as the answer to Europe’s energy needs. The trick is that new fracked gas terminals cost from $10-$30 billion and take 3-5 years to construct, locking us into decades more dependence on fossil fuels. New fracked gas expansion is not going to support energy needs this winter -- this year, or next.

Ending fossil fuel expansion, getting off fossil fuels, and making a just transition to renewables will help our collective efforts towards climate stability and give us a fighting chance to stop climate catastrophe.

Your bank must stop financing fracked gas terminals. We need real solutions.

{user_data~First Name} {user_data~Last Name}

CEO

Jane

Fraser

Citigroup

Jane Fraser,

LNG — liquefied “natural” gas — is conventional or unconventional gas cooled at around -160°C and condensed into a liquid in terminals situated on the coast or offshore. From there, the liquefied gas can be shipped on tankers to be exported, regasified, and burned on the other side of the planet. In addition to being an extremely energy-intensive process, creating such long supply chains means even more opportunities for methane to escape into the atmosphere.

Liquified Natural Gas is not natural at all. This fracked gas continues to be touted by industry, governments, and banks as a “bridge fuel,” even after the International Energy Agency stated that in their special report, Net Zero by 2050: A Road Map for the Global Energy Sector, “No new natural gas fields are needed in the Net Zero Emissions beyond those already under development. Also not needed are many of the LNG liquefaction facilities currently under construction or at the planning stage.”

Meanwhile, a slate of proposed export terminals in North America, concentrated on the Gulf Coast, in black and brown communities already overburdened with pollution and climate impacts, could be looking to banks to finance their massive projects in the coming years.

Despite climate and community impacts and a rapidly changing market, your bank is one of the top US banks behind fracked gas terminals in the Gulf Coast and around the world. As such, you are continuing to finance climate disasters.

Fracked gas is being propped up by the fossil fuel industry as the answer to Europe’s energy needs. The trick is that new fracked gas terminals cost from $10-$30 billion and take 3-5 years to construct, locking us into decades more dependence on fossil fuels. New fracked gas expansion is not going to support energy needs this winter -- this year, or next.

Ending fossil fuel expansion, getting off fossil fuels, and making a just transition to renewables will help our collective efforts towards climate stability and give us a fighting chance to stop climate catastrophe.

Your bank must stop financing fracked gas terminals. We need real solutions.

{user_data~First Name} {user_data~Last Name}