Since the 2015 Paris Agreement, the world’s 60 largest banks have committed $6.9 trillion to the fossil fuel industry, according to the annual Banking on Climate Chaos report. Almost half of this amount has gone to new oil, gas, and coal projects.

Nine of these top global banks -- JPMorgan Chase, Citibank, Bank of America, Wells Fargo, Goldman Sachs, Morgan Stanley, PNC, Truist, and US Bank -- are based in the United States. Together they have bankrolled the fossil fuel industry by over $2 trillion since the Paris Agreement, about 30% of all fossil fuel financing.

These megabanks are funding fossil fuel projects that are destroying communities – from the Mountain Valley Pipeline, with over 400 water quality violations in Virginia and West Virginia; to the LNG export terminals in Gulf South, the carbon bomb equivalent of 345 coal plants; to fracking Ohio state parks and wildlife areas that are supposed to be protected public lands.

We need you to send a letter to US bank executives today. Tell these megabanks to finance clean energy for people and planet, not fossil fuels that cause climate chaos.

TAKE ACTION: Tell US megabanks to stop financing the climate crisis!

Sign the Petition

First Name

Last Name

Email Address

ZIP Postal Code

Megabanks Action Match Field

Action

By taking this action, you'll be signed up for Green America's action alerts, updates, and green living tips. You can unsubscribe at any time.

Take Action: Megabanks must stop financing dirty energy

This message will be sent to 150+ executives at Chase, Citi, Bank of America, Wells Fargo, Goldman Sachs, Morgan Stanley, PNC, Truist, and US Bank.

Dear board members, executives, and officers of JPMorgan Chase, Citi, Bank of America, Wells Fargo, Goldman Sachs, Morgan Stanley, PNC, Truist, and US Bank,

This summer has seen a heat dome with a week of 100+° temperatures in June and the earliest Category 5 hurricane in the Atlantic. Last year, 2023, saw a record 28 climate-related disasters, each costing $1 billion or more.

These disasters are caused by burning fossil fuels – which your institutions have financed to the tune of over $2 trillion since the 2015 Paris Agreement, when the nations of the world agreed to limit global warming to 1.5°C.

Your institutions are bankrolling the chief culprits behind the climate crisis -- companies like ExxonMobil, Chevron, Shell, BP, ConocoPhillips, Saudi Aramco, and the Abu Dhabi National Oil Company.

Your financing of climate chaos is destroying our communities. For example, the Mountain Valley Pipeline has incurred over 400 water quality violations in its trek through the peaks, valleys, rivers, and streams of West Virginia, Virginia, and North Carolina.

Your financing of LNG export terminals in the Gulf South will create the carbon bomb equivalent of building 345 coal plants, while poisoning the air, water and land in an area already known as Cancer Alley.

Your financing of fracking is degrading state parks and wildlife areas in Ohio, lands owned by the people that are supposed to be protected.

This must stop. As long as your institutions continue to bankroll fossil fuels, the climate crisis will continue to get worse.

We demand that your institutions fund people and planet, not climate chaos. Big banks – including JPMorgan Chase, Citi, Bank of America, Wells Fargo, Goldman Sachs, Morgan Stanley, PNC, Truist, and US Bank – must align their financing with a 1.5°C pathway and enable a fair and just transition to an equitable and sustainable economy.  
 
We demand that your institutions:

-End all finance for fossil fuel expansion immediately.

-Set emissions reduction targets for 2025 and 2030, with zero emissions by 2050 at the latest, based on absolute emissions reductions, not carbon offsets.

-Require all fossil fuel clients to adopt robust transition plans aligned with a 1.5°C pathway.

-Protect human rights and Indigenous People’s rights, including Free, Prior, and Informed consent.

-Scale up financing for a just and fair transition to local and distributed clean energy.

In addition, we demand that the largest four US banks – JPMorgan Chase, Citi, Bank of America, and Wells Fargo – rejoin the Equator Principles, developed 20 years ago to set minimum standards on risks to environment and local communities in countries where they finance oil, gas, coal, and mining projects.

We will be watching not just your words, but your actions in building an equitable and sustainable economy. And we will take our own actions to choose banks and credit unions that align with our values – and are not major funders of fossil fuels.

{user_data~First Name} {user_data~Last Name}
{user_data~Email Address}

First Name, Last Name, Email and citations will be used as a sign-off on the petition. Example:

John Smith
[email protected]

Fossil Fuels

Tell US megabanks: Stop bankrolling fossil fuels causing the climate crisis!

Urge megabanks to finance clean energy for people and planet, not fossil fuels that cause climate chaos.

Since the 2015 Paris Agreement, the world’s 60 largest banks have committed $6.9 trillion to the fossil fuel industry, according to the annual Banking on Climate Chaos report. Almost half of this amount has gone to new oil, gas, and coal projects.

TAKE ACTION: Tell US megabanks to stop financing the climate crisis!

Sign the Petition

By taking this action, you'll be signed up for Green America's action alerts, updates, and green living tips. You can unsubscribe at any time.

Take Action: Megabanks must stop financing dirty energy

Share This Petition