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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October 5, 2022

BATON ROUGE — Today the Louisiana state treasurer announced plans to cut ties with major asset manager BlackRock and withdraw nearly $800 million in state money from the firm due to its stated sustainability policies. The move puts Louisiana in a…

September 29, 2022

Agency to launch climate scenario analysis exercise in early 2023

September 21, 2022

Media outlets reported today that major US banks are threatening to leave the Glasgow Financial Alliance for Net Zero (GFANZ) over concerns that updated criteria around financing of new fossil fuel projects may make the banks vulnerable to legal…

September 15, 2022

A global coalition of advocacy nonprofits including ShareAction, BankTrack, Reclaim Finance, and the Sierra Club have written to the UN Environment Programme Finance Initiative (UNEP-FI) and the Net Zero Banking Alliance (NZBA) steering committee,…

August 24, 2022

Today, Texas Comptroller Glenn Hegar announced a list of financial companies whose financing practices supposedly “boycott” energy companies. The list includes companies like BlackRock, who are major funders of fossil fuels.