In the 3 years since the Paris Accord, banks have financed fossil fuels with $1.9 TRILLION. Chase is the #1 banker of fossil fuels, with $196 BILLION in fossil fuel funding between 2016-2018 alone. That’s 29% more than the second worst bank -- Wells Fargo -- during the same period of time.
That means that Chase is literally banking on death and destruction. And what’s even worse is that they’re not alone: the top 4 funders in fossil fuels around the world are based in the U.S.
Send a message directly to those CEOs to DEMAND they get on the right side of history.
Want to see the report? Check out: https://www.ran.org/bankingonclimatechange2019/ for our latest Banking on Climate Change report card.
To the CEOs of JPMorgan Chase, Wells Fargo, Citi, and Bank of America,
It is unacceptable that your banks — JPMorgan Chase, Citi, Wells Fargo, and Bank of America — are continuing to fund dirty fossil fuel projects and companies, with absolutely no plan to stop. As you know, the most recent IPCC report has said we have less than 12 years to halve emissions and transition to clean energy to save the climate.
And yet, your companies have pumped hundreds of billions of dollars into fossil fuels in just the last few years, with no end in sight of your support for this dirty and dangerous industry. In doing so, you are leading the charge to keep us on the wrong side of history.
In addition to threatening our shared climate, on the ground, fossil fuels harm the health of communities on the frontlines of extraction and fencelines of refineries. You have continued to fund companies building problematic projects, despite Indigenous and grassroots opposition.
All four of your banks are leaders in your industry, and so we’re calling on you to step up and take the threat of global climate catastrophe seriously. Immediately end your funding for the expansion of the fossil fuel sector and commit to phase out fossil fuel financing in time to limit climate change to 1.5°C.
You can find more information about our most recent report, Banking on Climate Change, where we lay out the rankings of banks around the world, at ran.org/reportcard.