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

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Will BP’s Next Oil Spill Be Funded by Your Savings?

The Progress and Shortcomings of the SEC’s Climate Risk Disclosure Rule

Bank of America Sets Net-Zero Emissions Target Without Key Details To Get There

February 11, 2021

Washington, DC -- Today, Bank of America announced a new commitment to reach net-zero greenhouse gas emissions in its financing activities, operations and supply chain before 2050, and released an updated environmental policy.

Trump’s Last-Ditch Banking Rule On Its Last Leg

January 28, 2021

Washington, DC -- Today, news broke that a proposed Trump administration rule which tries to force banks to lend to fossil fuel companies, without regard to strategic or reputational risks, has been put on hold indefinitely.

Trump’s Last-Ditch Banking Rule Seeks to Prop Up Fossil Fuels

January 14, 2021

Washington, DC -- Today, just 10 days after the public comment period ended (which saw more than 35,000 public comments), the Trump administration’s Office of the Comptroller of the Currency (OCC) finalized a rule which effectively tries to force…

With Bank of America Announcement, Every Major US Bank Has Ruled out Funding for Arctic Drilling

November 30, 2020

Bank of America has reportedly joined its peers and ruled out funding for new drilling in the Arctic, including the Arctic National Wildlife Refuge. Goldman Sachs, Morgan Stanley, Chase, Wells Fargo, and Citi have all announced similar policies this…

Sierra Club Statement on President-elect Biden’s Nomination of Janet Yellen for Treasury Secretary

November 29, 2020

Today, President-Elect Biden announced he will be nominating former chair of the Federal Reserve Janet Yellen as his Treasury Secretary.