Since the Paris agreement, JP Morgan Chase (JPMC) has poured $196 billion into the fossil fuel industry, fueling the climate emergency with every dollar they invest in coal, oil and gas.
350Brooklyn has signed on to be part of the national movement to stop fossil fuel financing, called Stop the Money Pipeline (see stopthemoneypipeline.com). Living in the center of international finance, seat of Chase HQ and a media capital, we believe we have a role to play.
Recent decisions by BlackRock to stop financing coal projects and Goldman Sachs' ruling out Arctic oil projects show they can be moved on this issue. JPMorgan Chase remains the biggest supporter of the fossil fuel industry in the whole world.
This campaign demands that Chase:
Stop financing expansion of fossil fuels
Phase out fossil financing on a timeline that matches the IPCC 50/50 1.5°C trajectory
Stop financing rights abuses: human rights, especially Indigenous rights
JOIN US for our first major action in this campaign: A demonstration on “Investor Day” at JPMC Headquarters. CEO Jamie Dimon, top Chase executives and JPMC’s biggest investors representing major financial institutions will be present.
Be there to tell them climate change is bad business and a lethal investment for our collective future. Chase, Divest from Climate Chaos!
Monday Feb 25, at 7:00-8:00am at the JPMC global headquarters, 383 Madison Ave., NYC. A chance to do some important work before you go to your day job!
Register here, like the event on Facebook and bring a friend.
Ken Cedeno, GreenpeaceSign up here to participate in this campaign and learn more:
You can participate in various ways, from letter writing to nationally coordinated actions.
Send a letter to Chase CEO Jamie Dimon: Letter Writing Toolkit
Call Jamie Dimon at 212-270-1111 and tell him how you feel about his company profiting from the climate crisis, or use this Google Form for the call script.
Join the Chase branch actions planned around the city by a number of different organizations that are part of the Chase Coalition, including, Rise & Resist, NYCC, Sunrise and more. You can sign up for one using this form and stay tuned on 350Brooklyn’s Facebook page.
Join the Chase 100, people closing their accounts together on Earth Day.
Join the action on April 23, 2020, as part of the next Global Climate Strike and the 50th Anniversary of Earth Day we’re going to stop the money pipeline and end the financing of fossil fuels.
We can’t do it without you. Use this form to join the 350BK Chase Campaign.
BACKGROUND READING
“Banking On Climate Change” Report (Report Summary) - Definitive report and data
“A voice from the forest in the corporate boardroom” - Al Jazeera op-ed by Tara Houska,
”Want to Do Something About Climate Change? Follow the Money” - New York Times op-ed by Lennox Yearwood Jr. and Bill McKibben
“Money is the Oxygen on which the Fire of Global Warming Burns” - The New Yorker, Bill McKibben
“Two Years of Giving Chase…Hell” - Alec Connon, 350 Seattle
Banks and Climate - Rainforest Action Network
MOVING YOUR MONEY
“Where Should I Put My Money?” Tips and Resources - Alison Kirsch, RAN
Divest Your Community Toolkit here - Mazaska Talks
Get a Better Bank - Green America
Credit Unions and Community Banks - New Economy Coalition
Fossil Free Funds & Deforestation Free Funds - As You Sow, Friends of the Earth
