Dear John,
The Arctic Refuge is one of our most iconic wild places. It’s home to polar
bears and other endangered wildlife. And the Indigenous Gwich’in community has
relied on these lands for generations.
Last week, in a huge victory for the Arctic, Goldman Sachs took a big step to
prevent the destruction of this environment. It committed not to finance oil
drilling in the Arctic. No financing = no new fossil fuel projects = a healthier
environment.
But the Arctic Refuge and other vital ecosystems worldwide are still at risk.
There are too many banks -- from JP Morgan Chase to Citibank, and Wells Fargo to
Bank of America -- still willing to finance their destruction. So we need your
help pushing them to stop funding the destruction of our wild places!
Help protect the Arctic Refuge: Tell Big Banks to stop financing Big Oil
drilling and fracking projects!
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As one of the last pristine ecosystems in the country, the Arctic Refuge should
be protected, not opened for Big Oil development.
We know how drilling in the Arctic Refuge would end. It would cause irreversible
damage to this fragile ecosystem as well as the communities that rely on it.
But many Big Banks do not yet ban financing extraction in these areas, and
provide hundreds of billions of dollars in climate- and community-damaging
projects worldwide. And despite Goldman Sachs’ progress, its policy does not go
far enough. It lags behind its leading global competitors, particularly in
Europe. It fails to go far enough on tar sands and gas, such as Arctic gas, and
fracking.
Wells Fargo, JP Morgan Chase, Citibank and Bank of America need to get their act
together and stop contributing to the climate crisis -- and Goldman Sachs must
do much more. But we need your help to push them to act.
Take action now: Stop Big Banks from funding the climate crisis and destroying
precious wild places like the Arctic!
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We know public pressure can force even the world’s biggest banks to act. Goldman
Sachs’ new policy comes after years of tireless campaigning by the Gwich'in
Nation and environmentalists against bank financing for projects in the Arctic,
as well as Indigenous, frontline communities and environmental groups fighting
other harmful projects worldwide.
Scientists say we have less than 11 years to halve emissions and transition to
clean energy to save the climate. But as long as Big Banks stay on their current
trajectory, they’ll push the world past these limits -- and cause disastrous
impacts on the climate and local communities.
The only hope of preventing the worst impacts of the climate crisis, protecting
places like the Arctic, and stopping Big Oil from harming communities around the
world, is for banks step up and stop financing environmental destruction. They
must slash their fossil fuel financing and end their poisoning and human rights
abuses of frontline communities worldwide from polluting projects.
Demand an immediate end to Big Banks’ funding for fossil fuel destruction. Help
push JP Morgan Chase, Bank of America, Wells Fargo and Citibank to end fossil
fuel financing.
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Standing with you,
Doug Norlen,
Economic policy program director,
Friends of the Earth
Contact Us:Friends of the Earth U.S.
Washington, D.C. | Berkeley, CA
1-877-843-8687
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