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.

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.

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.

In the News

Vox: The longshot campaign to get big banks out of fossil fuels

New Republic: Republicans say 'woke' Wall Street is boycotting fossil fuels, but the numbers prove otherwise

See All

This Shareholder Voting Season Shows Investors Want to Manage Climate Risk, Not Deny It

Banks Continue to Prop Up Fossil Fuels as the Climate Crisis Accelerates

Banking on Climate Chaos: Big US Banks Still Stalling on Climate Action

Global Financial Alliance Must Ensure Credible Net-Zero Plans After Severing Ties with UN Campaign

October 28, 2022

Sierra Club calls on GFANZ to stay committed to robust, science-aligned policies after initiative drops requirement for its members to follow Race to Zero’s criteria

El Valle del Río Grande en Peligro Debido a Terminales de Gas Fósil

20 de octubre de 2022

El Sierra Club y la Rainforest Action Network han publicado un reporte sobre los riesgos para el Valle del Río Grande de dos propuestas de gas fósil y un gasoducto subsidiario.

Local Climate Advocates Respond to Missouri Treasurer’s Move to Cut Ties with BlackRock

October 18, 2022

Sierra Club state chapter calls the move the “latest flavor of climate denial”

Report: Rio Grande Valley in Texas at Risk from LNG Export Terminals

October 18, 2022

Sierra Club, Rainforest Action Network analysis details community & Indigenous opposition, climate & health impacts, ecosystem damage, reputational & financial risk

Advocacy Groups Urge Global Asset Managers to Align with UN Net-Zero Guidelines

October 7, 2022

WASHINGTON, DC — Today, the Sierra Club and a global coalition of 23 advocacy groups sent an open letter to the Net Zero Asset Managers Initiative (NZAM) urging the initiative to update expectations for its members to reflect the latest Race to Zero…