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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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.

December 13, 2021

Today marks the close of the public comment period on a proposed rulemaking from the Department of Labor that would restore flexibility to managers of pension funds and retirement accounts to consider the environment, social justice, and corporate…

December 14, 2021

New report finds that if US financial institutions were a country, they would be the fifth worst carbon emitter in the world, or just below Russia, in annual net emissions of COâ‚‚;

December 7, 2021

Despite CEO Larry Fink’s supposed commitment to climate leadership, BlackRock is leading a group of investors in a $15.5 billion deal with Saudi Aramco to support the fossil fuel giant’s massive planned expansion of gas pipelines.