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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November 3, 2021

Today, Morgan Stanley announced new 2030 targets to reach its commitment to net-zero financed emissions by 2050. Last year, Morgan Stanley became the first major US bank to make a net-zero by 2050 commitment and it is one of the first major US banks…

November 2, 2021

Last night, the Glasgow Financial Alliance for Net Zero (GFANZ) announced that more than 450 financial firms with $130 trillion in assets have committed to net zero targets over the next three decades.

October 26, 2021

Goldman Sachs announced yesterday that it has joined the Net-Zero Banking Alliance (NZBA), making it the last of the six major U.S. banks to join.

October 21, 2021

Today, the Financial Stability Oversight Council (FSOC), led by Treasury Secretary Janet Yellen, released a highly anticipated report laying out recommendations for mitigating climate risks to the economy, as directed by President Biden’s May…

October 15, 2021

San Francisco, CA -- Wells Fargo announced today that it has joined the Net-Zero Banking Alliance (NZBA), following its commitment in March to reach net-zero emissions by 2050.