Sanjali De Silva at Union of Concerned Scientists, sdesilva@ucsusa.org, +1 303-396-7325 (cell)
The Union of Concerned Scientists (UCS), Follow This, Majority Action, Sierra Club Foundation (SCF), and Stop the Money Pipeline (STMP) are hosting a virtual conversation, “JPMorgan Chase & the Climate Crisis: How 2023 Shareholder Action Can Advance Corporate Accountability,” on Wednesday, May 3, at 12pm ET.
The webinar will feature shareholder advocates, environmental justice leaders, and UCS analysts discussing corporate accountability at JPMorgan Chase. The webinar will inform shareholders and the public about important climate-related votes on the agenda at the bank's annual general meeting on May 16.
JPMorgan Chase has provided more than $434 billion in financing for fossil fuel companies since the adoption of the Paris Climate Agreement in 2015—even as climate destruction mounts and the science is clear that we must rapidly transition off fossil fuels. Fossil fuel extraction continues to be a significant contributor to environmental injustice, human rights abuses, and violations of the rights and sovereignty of Indigenous Peoples. In light of this, more than 1,300 experts recently called on JPMorgan Chase shareholders to vote in favor of a proposal calling on the bank to phase out financing for companies engaged in fossil fuel expansion.
WHAT: A 90-minute virtual event hosted by UCS. This event is free and open to the public and members of the media.
WHO : The following speakers will be at the webinar:
- Kathy Mulvey, accountability campaign director, Union of Concerned Scientists
- Alfredo Angulo, community organizer, Richmond Progressive Alliance
- John Beard, founder and CEO, Port Arthur Community Action Network
- Marisol Cantú, racial justice organizer, Richmond Progressive Alliance
- Jackie Fielder, co-director, Stop the Money Pipeline
- Jessie Giles, research director, Majority Action
- Betsy Middleton, partnerships manager, Follow This
- Paul Rissman, co-founder, Rights CoLab; board nember, Sierra Club Foundation; former executive vice president, AllianceBernstein; and former CIO, Alliance Growth Equities
WHEN: Wednesday, May 3, 2023, from 12 p.m. to 1:30 p.m. EDT
WHERE : This is a virtual event. For more information about the event and to register to reserve a spot, click here.
ADDITIONAL ANALYSES AND RESOURCES
- A UCS and STMP letter from 1,300+ scientists calling on JPMorgan Chase shareholders to vote “yes” to fossil fuel phaseout
- A UCS blogpost by Mulvey on the 2023 Banking on Climate Chaos report
- A UCS blogpost by Mulvey featuring an analysis of climate-related shareholder proposals at Big Oil’s 2022 annual general meetings
- A STMP shareholder season FAQ resource
- The annual Banking on Climate Chaos report reveals that JPMorgan Chase is the world'd biggest financier of fossil fuels since the Paris Agreement was signed in 2016
- A Sierra Club report analyzing the net-zero commitments of big US banks, revealing that they fall far short of what's needed to meet global climate goals
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The Union of Concerned Scientists puts rigorous, independent science to work to solve our planet's most pressing problems. Joining with people across the country, we combine technical analysis and effective advocacy to create innovative, practical solutions for a healthy, safe, and sustainable future. For more information, go to www.ucsusa.org.
About the Sierra Club
The Sierra Club is America’s largest and most influential grassroots environmental organization, with millions of members and supporters. In addition to protecting every person's right to get outdoors and access the healing power of nature, the Sierra Club works to promote clean energy, safeguard the health of our communities, protect wildlife, and preserve our remaining wild places through grassroots activism, public education, lobbying, and legal action. For more information, visit www.sierraclub.org.