The numbers from the 10th annual Banking on Climate Change report are in, and they don’t look good. While the world’s scientists issue increasingly dire warnings about the climate crisis we face without immediate action, major global banks are essentially pouring gasoline on the fire -- and America’s largest banks are doing the most damage of all.The new Banking on Climate Change report shows that the four biggest bankers of fossil fuels in the world are all US banks: JPMorgan Chase, Wells Fargo, Citi, and Bank of America. Along with Goldman Sachs and Morgan Stanley, the largest US banks are all in the top “dirty dozen” of global fossil fuel financing. Together, these US banks account for an alarming 37% of global banks’ fossil fuel financing since the Paris Agreement was adopted.We need to send a message loud and clear to each of these banks and every member of Congress that it is unacceptable for corporations to put their short-term profits over the health and security of our climate, our communities, and our economy.Take action: Tell the CEOs of the six largest US banks to stop financing fossil fuels!
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