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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March 8, 2022

Today, 120 organizations sent letters to the six biggest American banks urging them to stop lending and support for new and expanded gas export facilities, citing environmental justice and climate concerns as well as rising home heating costs for…

January 19, 2022

Today, Citigroup announced new 2030 interim targets to reach its commitment to net-zero financed emissions by 2050. The plan includes a commitment to reduce absolute financed emissions from the energy sector by 29% and financed emissions intensity…

January 17, 2022

New York, NY – Tonight, BlackRock CEO Larry Fink released his annual letter to CEOs. In response, Ben Cushing, Fossil-Free Finance Campaign Manager with the Sierra Club, released the following statement:

January 13, 2022

Today, President Biden announced the nomination of Sarah Bloom Raskin to be vice chair for supervision at the Federal Reserve, the Fed’s top regulator of Wall Street banks.

December 16, 2021

Today, Goldman Sachs became the third major U.S. bank to set 2030 emissions reduction targets under its commitment to reach net zero financed emissions by 2050.