John,

Korea's biggest electricity provider, KEPCO, is desperate for an injection of cash by the 15th June to finance its dirty coal plans. Banks like Citi, HSBC, JPMorgan and Bank of America have all financially supported KEPCO before, but public pressure on banks to cut ties with fossil fuel projects works. 

French bank, BNP Paribas, has already distanced itself from KEPCO due to its coal-heavy operations. Indian bank, APG, divested in 2021, and Sweden’s AP7 followed suit in 2023.

It's not too late to stop the money for KEPCO's toxic coal. If we take action right now, we can force more banks to do the same. Will you join more than 34,000 Ekō members who've already signed the petition?

Citi, Bank of America, HSBC and JPMorgan: stop funding KEPCO’s coal.

The South Korean Government has signed onto the Paris Agreement and made bold promises to tackle the climate crisis. But its state-owned utility KEPCO’s commitment to coal flies in the face of that.

Right now, KEPCO is in a financial crisis. Its reliance on coal is sinking it: 33.7% of its imported power and 40.2% of its domestic power come from coal, while renewables account for just 2.1%.

If we can force big banks to back away from financing KEPCO’s toxic bonds, the power company will have to move to generating electricity from clean, renewable energy sources. Let’s send a clear message to banks and KEPCO: No more funding for coal. No more broken promises.

Tell Citi, Bank of America, HSBC and JPMorgan: don’t finance KEPCO’s coal.

Together, we forced Indonesian coal giant Adaro to move away from coal. Big banks like HSBC are already backing away from coal projects worldwide. With enough pressure, we can force more banks to choose clean energy instead of polluting coal.