Tell America’s largest banks: Stop funding fossil fuels!

The latest annual report card on big banks' fossil fuel funding is out, and the findings are alarming. As the climate crisis accelerates, the biggest banks are making it worse by continuing to pour billions of dollars into fossil fuels — and America's biggest banks are doing the most damage of all.

The four largest U.S. banks — JPMorgan Chase, Citi, Bank of America, and Wells Fargo — are among the largest funders of fossil fuels in the world.

The good news is that a growing movement across the country and around the world is taking on Wall Street and has already begun to move these giants. However, none of these banks are doing nearly enough to stop fueling the climate crisis — so we have to keep raising our voices louder than ever before.

Take action: Tell the CEOs of the four largest U.S. banks to stop financing fossil fuels!

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I call on you and your bank to do your part in realizing the goals of the Paris Agreement by aligning your bank’s policies and practices with limiting global warming to 1.5° Celsius and fully respecting human rights.

This requires ending financing for expansion of fossil fuels, and committing to phase out fossil fuel financing on a trajectory that is aligned with keeping global warming to 1.5°C. It also requires ending financing for projects and companies that are implicated in abuse of human rights, including fringing upon the rights of Indigenous peoples to Free, Prior, and Informed Consent.

As the impacts of climate change become increasingly clear, today’s leaders will be judged by their actions in addressing the climate crisis. The latest landmark report from the IPCC showed that global emissions must be cut by 45% by 2030, and effectively zero by 2050. Your bank’s financing for fossil fuels should be compatible with that trajectory.

You face a stark question: Are your bank’s policies and practices aligned with limiting climate change to 1.5°C, or are they not? The answer right now is no. I call on you to take urgent steps to fix that.

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