Join a national day of action to demand that JP Morgan Chase Bank — the biggest funder of the fossil fuel industry — stop the money pipeline! The last Friday in March is the next in a series of “Stop the Money Pipeline events organized by a growing coalition of climate groups demanding that JP Morgan Chase immediately divest from fossil fuels.
JPMorgan Chase is by far the biggest funder of the fossil fuel industry worldwide, and the only U.S. funder of the Jordan Cove Pipeline. In the three years since the Paris Agreement, JPMorgan Chase has provided the fossil fuel industry with $196 billion in financing. Chase is the #1 banker of arctic oil and gas drilling, the #1 banker of ultra-deepwater oil and gas drilling, the #1 banker of LNG, the #1 U.S. banker of coal mining, and the #2 banker of fracking (right behind Wells Fargo).
To compound the pain, in 2008 JPMorgan Chase received one of the largest bailouts ($25 Billion) from the U.S. government, using that money—taxpayers’ money!—to fund fossil fuel development that could have gone instead to renewable energy.
It’s time to say enough. Over the last few years, there have been many protests at Chase banks all over the U.S., including more than a few here in the Bay Area. But now that campaign is getting turbo-charged with the launch of Stop the Money Pipeline. Stay tuned for a major national mobilization on Chase scheduled for April 23, the “Finance Day” protest during 2020 Earth Week actions! The goal is to disrupt business at 1,000 Chase branches all across the country.
“When we look at those pictures from Australia, yes, we see the absolute horror of people whose lives are turned upside down and animals that are killed and ecosystems that are wiped out, but we also see, fully visible in those flames, the dollar signs that led to that conflagration. That’s what is at the bottom of the crisis that we face.” —Bill McKibben, before his arrest at a Washington, D.C branch of Chase Bank on January 13, 2020 (quoted by Democracy Now)
Sign up for details on future actions here
And:
- Cut up your Chase credit card—#CutTheChaseChallenge.
- Drown Jamie Dimon, JPMorgan Chase CEO, in letters. See an attached letter template at the bottom of the post, or write your own letter and sent it to: Jamie Dimon 1185 Park Ave New York, NY, 10128 or 144 Sarles Street Mt Kisco, NY, 10549.
- Call Chase every month and tell them to stop giving loans to the fossil fuel industry. Here is a convenient call page.
- Plug into “Finance Day” protest on April 24th during Earth Week.
- Sign up for alerts from stopthemoneypipeline.com .
More info:
“Banking on Climate Change,” report by Rainforest Action Network and partners. (Pages 10-11 focus solely on JPMorgan Chase.)
“The 32 Men Funding Climate Chaos,” Rainforest Action Network.
Money is the Oxygen on Which the Fire of Global Warming Burns, Bill McKibben. The New Yorker, September 17, 2019.
Stop the Money Pipeline campaign website
Main Street’s Victory over Wall Street:
