Fossil-Free Finance

Fossil-Free Finance

Fossil-Free Finance

We're pushing major Wall Street companies to stop financing fossil fuel expansion and help accelerate the transition to a clean energy economy for all.



Everyone knows about the fossil fuel industry’s role in the climate crisis. But there’s another, lesser-known culprit: Wall Street. Join the growing movement telling Wall Street to move money out of dirty energy projects and scale up financing for clean energy instead. Sign the petition to tell America’s largest banks to stop funding fossil fuels!

US Banks

Big US banks JPMorgan Chase, Citibank, Wells Fargo, and Bank of America are some of the biggest fossil fuel financiers in the world. If we want to avoid climate chaos, we must call on banks to stop funding coal, oil, and gas and invest in clean energy.

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Investors

Major investors — including asset managers like BlackRock and Vanguard and pensions like CalPERS — help people manage their retirement funds and other investments. But these financial institutions are also funneling money into the companies wrecking our planet.

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Financial Regulation

Powerful federal regulators like the Federal Reserve, the Department of the Treasury, and the Securities and Exchange Commission all have a role to play in ensuring the US economy and our banking system are protected from climate-related financial shocks.

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July 22, 2024

“We will hold any financial institutions that choose to support these projects accountable for such impacts.”** READ THE LETTERS HERE **

July 18, 2024

Valley Forge, PA –  Today, 8,056 individual Vanguard (VG) clients released a letter welcoming Salim Ramji to the role as CEO of The Vanguard Group. The letter is a clear expression of clients’ desire to see Ramji center climate risk as a…

May 23, 2024

NEW YORK, NY – This week, the last two major US banks, JPMorgan Chase and Morgan Stanley, held their Annual General Meetings (AGMs), where shareholders voted on several investor proposals calling for stronger transparency on energy financing and…

May 22, 2024

New York, NY – A group of thirteen trustees and state financial officers, including New York City Comptroller Brad Lander and California Treasurer Fiona Ma, filed an exempt solicitation urging major asset managers to vote against ExxonMobil…

May 14, 2024

In response to the news that Vanguard has hired Salim Ramji as its next CEO, members of the Vanguard S.O.S. campaign, which consists of civil society organizations focused on climate risk and responsible investing, released the following…