This spring, the Intergovernmental Panel on Climate Change issued a “final warning” that the world must stop burning fossil fuels if we hope to hold global warming to no more than 1.5°C, the level scientists say is required to prevent runaway and irreversible climate catastrophe.
Every nation committed to this goal in the 2015 Paris Climate Agreement -- yet since then, the world’s 60 largest banks have plowed $5.5 trillion into fossil-fuel financing, including expansion projects, tar sands oil, Arctic and Amazon oil and gas, offshore drilling, fracking, liquified natural gas, and coal mining, according to the 2023 Banking on Climate Chaos report.
Topping this list of banks are the Big 4 -- JPMorgan Chase, Citi, Wells Fargo, and Bank of America – which together account for $1.37 trillion, or 25%, of all fossil-fuel financing worldwide since 2015.
This has to stop. Please join me in telling the Big 4 banks to fund people and planet, not climate chaos.