JPMorgan Chase: End Your Fossil Fuel Investment

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Through their financing for fossil fuels, banks play a crucial role in climate change. As the biggest funder of fossil fuels – including fossil fuel expansion -- JPMorgan Chase is now the worst bank in the world for people and the planet.

In the last three years, the bank’s fossil fuel financing totaled over $195 billion – nearly 30% higher than the next largest bank funder! And even more astoundingly, the bank has provided $67 billion in financing for fossil fuel expansion in the three years following the Paris Agreement. That is 68% higher than then next largest bank funder!

The bank’s CEO, Jamie Dimon, criticized President Trump for pulling out of the Paris Agreement.

It’s now time for Jamie Dimon to bring his bank into line with the Agreement and stop intensifying the climate crisis.

Sign the letter to Jamie Dimon, Chair and CEO of JPMorgan Chase, demanding the bank stop financing fossil fuels and fossil fuel expansion and that it support renewable energy and human rights.

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Jamie Dimon, CEO of JP Morgan Chase

Subject: End JPMorgan Chase's Fossil Fuel Funding

Message:

To Jamie Dimon: The global community has been put on notice. We have about a decade remaining to drastically cut greenhouses gas emissions if we are to keep global temperature increases below 1.5 degrees Celsius. Only by achieving a 45% reduction by 2030 and zero emissions by 2050 can we hope to avert the worst impacts of climate change. It is therefore unconscionable, that in the three years since the 2015 Paris Agreement, JPMorgan Chase has not only continued to fund, but has actually increased funding for fossil fuels and their expansion. Your financing of $67 billion for fossil fuel expansion is by far the greatest investment in climate disaster that any bank in the world has made. Through the financing of fossil fuels, JPMorgan Chase now bears the notorious distinction of being the worst bank in the world for people and the planet. There is a not a moment to lose. I urge you to exert the leadership required for JPMorgan Chase to take immediate and decisive action to: · Halt all investment in fossil fuel expansion · Phase out funding for fossil fuels in accordance with the goals of the Paris Agreement · Respect human rights and Indigenous Peoples’ rights that are routinely abused by fossil fuel extraction. · Support the development and installation of renewable energy We need true leadership that matches the demands of our time. Climate change is the biggest threat to the planet and banks play a crucial role in whether or not we can avert greater climate calamity. JPMorgan Chase must chart a new direction for the sake of people and the planet. Sincerely yours,

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