STMP

One thing to know about the horrifying war on Ukraine: it’s funded by fossil fuels. Between forty and fifty percent of the Russian state’s budget comes from its oil and gas exports.

The war is a tragic crisis for millions. But JPMorgan Chase sees it as just another opportunity to make a quick buck.

Last week, the CEO of JPMorgan Chase, Jamie Dimon, alongside a cadre of fossil fuel executives, met with the Biden administration to demand they expand gas production. This is clearly self-interested: JPMorgan Chase is the largest banker of fossil fuels in the world, and oil and gas expansion will only grow their bottom line.

JPMorgan Chase is trying to profit off a war that has killed thousands of people.

Can you send an email to Chase’s CEO, executives, and board demanding they end this war profiteering, stop their lobbying for new oil and gas and fund a massive buildout of renewable energy instead?

Let’s be clear: energy security, and a safe and livable future for all will come from a just transition to renewable energy, not by increasing our reliance on fossil fuels.

It’s no coincidence that the others in the meeting with Dimon were the CEOs of oil and gas companies ExxonMobil, ConocoPhillips, and Marathon Petroleum. As the largest banker of fossil fuels in the world, Chase makes money when fossil fuel companies make money.

If JPMorgan Chase was serious about energy security they’d fund a massive buildout of renewable energy, not new fossil fuels. But the only thing they’re serious about is lining the pockets of their ultra-wealthy executives and shareholders.

There’s a name for using the instability and chaos of war in order to get rich: war profiteering.

Join us in demanding that Chase’s executives, CEO, and board stop war profiteering, end their lobbying for fossil fuel expansion and fund a massive build-up of renewable energy.

There is a very real energy crisis as a result of Russia’s war on Ukraine. Europe gets as much as 10% of its total energy supply from Russian oil and gas. But the answer is not to lock in new fossil fuel production that will only make the climate crisis worse. The answer is to fund renewables more than ever before.

Allowing fossil fuel companies to expand will only lead to more war, more instability, and more needless death.

Send an email to JPMorgan Chase today to demand they stop trying to profit off illegal wars and climate chaos.

In Solidarity,
– the Stop the Money Pipeline team

PS: Reminder that tonight is the Defund Climate Chaos Week of Arts Action Training!

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