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 19, 2022

WASHINGTON, DC — Treasury Secretary Janet Yellen told reporters in Bali on Saturday that the Financial Stability Oversight Council (FSOC) is "not really a direct tool to address climate change.” This directly contradicts earlier commitments made by…

July 14, 2022

Morgan Stanley, Goldman Sachs tout inclusion in Banking on Climate Chaos report in response to inquiries on fossil fuel financing

June 22, 2022

Today’s findings from the International Energy Agency’s latest energy investment report demonstrate how increasingly out of touch the financial industry is with the reality of what’s needed to achieve its own climate commitments.

June 16, 2022

70+ groups, nearly 15,000 Sierra Club members submit comments supporting federal agency’s draft rule requiring publicly traded companies to acknowledge greenhouse gas emissions, climate-related financial risks

June 15, 2022

The Race to Zero campaign’s new criteria are a major step forward, and makes clear that in order for the net-zero commitments at financial institutions to be credible, they must explicitly commit to phase out financing for new fossil fuels.