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

Sierra Club Statement on Nomination of Saule Omarova as Comptroller of the Currency

September 24, 2021

Washington, DC -- Today, President Biden announced the nomination of Saule Omarova as Comptroller of the Currency. In response, Sierra Club Fossil-Free Finance Campaign Manager Ben Cushing released the following statement:

Sierra Club Applauds Introduction of Fossil-Free Finance Act

September 15, 2021

Today, Congressman Mondaire Jones (D-NY), Congresswoman Ayanna Pressley (D-MA), and Congresswoman Rashida Tlaib (D-MI) introduced the Fossil Free Finance Act, legislation to require the Federal Reserve to mandate banks and other Systemically…

International Grassroots Leaders Call On Treasury Department To Center Their Voices

August 18, 2021

WASHINGTON, D.C.-- Today, grassroots leaders from 20 different countries and 37 organizations sent a letter to the U.S. Treasury Department, calling on the Department to center the demands of international grassroots movements in the implementation…

BlackRock’s Big Problem Responds to New Investment Stewardship Report

July 20, 2021

Today, BlackRock released its 2020-2021 stewardship report. The report details BlackRock’s engagement and proxy voting record during Sandy Boss’s first year as Global Head of Investment Stewardship. In response, members of the BlackRock’s…

Sierra Club Calls on SEC to Put an End to Corporate Greenwashing

June 14, 2021

Today, the Sierra Club submitted more than 10,000 comments from members and supporters across the country urging the Securities and Exchange Commission (SEC) to develop strong disclosure rules that require companies and financial institutions to…