Fossil Free Finance Act

From deadly wildfires in Hawaii to Hurricane Hilary, unprecedented flooding in Vermont to record-shattering heat waves across much of the planet, the climate crisis is escalating.

As long as the climate crisis remains unchecked, these devastating weather events will not only continue but will increase in frequency and severity. We need rapid reductions in fossil fuel emissions to prevent further climate catastrophe. When Wall Street keeps funding fossil fuel projects, their risky bets threaten all life on earth.

Tell Congress: The first step to getting out of a hole is to stop digging it deeper. Congress needs to step in and force banks to stop funding fossil fuel expansion NOW!

In 2022, the world’s largest banks financed fossil fuel companies to the tune of $668.6 billion. But thankfully, Senator Ed Markey (MA) and Reps. Ayanna Pressley (MA) and Rashida Tlaib (MI) have reintroduced the Fossil Free Finance Act, which would require big banks to stop financing greenhouse gas emissions by 2050.

The bill has also been cosponsored in the Senate by Sens. Jeff Merkley (OR) and Bernie Sanders (VT) and endorsed by 64 organizations.

Send a message so every Member of Congress can see how powerful our voices are: we need the Fossil Free Finance Act!

The Fossil Free Finance Act would require big banks to reduce their emissions to zero by 2050 and cut them in half by 2030. This bill is crucial to mitigate the financial risk of total economic collapse from risky fossil fuel investments, as well as put an end to the toxic projects actively damaging our communities through years of pollution and extraction.

The Fossil Free Finance Act would mandate the biggest banks to stop financing fossil fuels, by both forcing banks to prioritize lending to companies that provide benefits to workers impacted by the transition to a clean energy economy, and to STOP funding companies and projects that perpetuate environmental racism on frontline communities.

Sign our petition to Congress: The Fossil Free Finance Act is a necessary step to curbing the climate crisis and will support our bridge to a clean energy future.

In solidarity,
– the Stop the Money Pipeline team

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