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

At COP29, US Climate Congress Changes Tune

The biggest US banks are laggards on fulfilling their climate commitments

Climate Protesters Take on Wall Street

Advocacy Groups Signal Support for SEC Climate Disclosure Rule

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

UN’s Race to Zero Campaign Raises the Bar on Limiting Fossil Fuel Expansion

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.

Grandes Inversionistas de Chase Fracasan en Intento de Exigir Responsabilidades Climáticas al Gigante Financiero

17 de mayo de 2022

Esta mañana, los accionistas de JPMorgan Chase fracasaron en su intento de aprobar resoluciones climáticas claves, al rechazar propuestas que hubieran obligado al banco acabar su apoyo al desarrollo de nuevas explotaciones de combustibles fósiles y…

Investors Fail to Hold Chase Accountable on Climate, but Activists Applaud Levels of Support ‘Difficult to Ignore’

May 17, 2022

NEW YORK — This morning, JPMorgan Chase shareholders failed to pass two key climate resolutions, voting down proposals to push the bank to end its support for new fossil fuel development and to set absolute targets for reducing its financed…

At Next Week’s Shareholder Meeting, Chase Faces Two Key Climate Resolutions

May 12, 2022

When JPMorgan Chase faces its shareholders this Tuesday, the bank will face votes on two key shareholder resolutions pushing the bank to clean up its act on climate.