To cut off the flow of oil and gas, we cut off the flow of cash
Tell JPMorgan Chase: Stop funding climate change
JPMorgan Chase is gambling with our lives
Follow the money
Last week, dozens of organizations launched a major new campaign: The Stop the Money Pipeline Coalition.
This campaign has one simple demand: “That banks, asset managers and insurance companies stop funding, insuring and investing in climate destruction.” This is vital, as we know that banks, asset managers and insurers are all guilty of funding, insuring and investing in the climate crisis. Stopping this money pipeline from flowing to the fossil fuel industry may be one of the most important things we can do to help curtail the climate crisis.
The campaign is already witnessing incredible momentum: In the last two months, Goldman Sachs has announced it will stop funding coal mining companies and Arctic drilling projects. Liberty Mutual has promised to stop insuring coal projects. Hartford Insurance has said no more coal or tar sands. And just this week, BlackRock, the world’s largest asset manager has committed to divesting from coal, and making climate central to the way it does business.
Now, we need JPMorgan Chase, the world’s largest funder of fossil fuels, to do the same.
Can you take 3 minutes this morning to call Chase CEO, Jamie Dimon, and ask that his bank stops funding the climate crisis? His number and a call script are here.
Since the Paris Agreement was signed in late 2015, JPMorgan Chase has loaned $196 billion to fossil fuel companies— enough money to buy 52 pipelines the size and scale of the Dakota Access Pipeline. In 2018 alone Chase invested $64 billion into fossil fuel projects!
Even as Australia burns, JPMorgan Chase continues to pour fuel on the flames: Chase is now the planet’s largest funder of Arctic drilling, deepwater oil exploration, and the largest funder of coal and tar sands in the U.S.