JP Morgan Chase: Stop Investing Billions in Fossil Fuels as the World Struggles to Reduce CO2

Target: JP Morgan Chase CEO Jamie Dimon 

Goal: Pull funding from fossil fuels.

On November 4, 2016, leaders from around the world signed the Paris Agreement, to insure international efforts to reduce CO2 emissions to net zero by 2050. Between 2016 and 2019, JP Morgan has invested $268.59 billion in fossil fuel industries. In order to meet the climate goals set by the Paris Agreement, major financial institutions must participate in the process. It is absolutely necessary that big money back big solutions rather than continuing to undermine the hard work and sacrifice of those striving towards a livable future.  

Investing in fossil fuels now is a huge slap in the face to individual and collective efforts to reduce CO2 emissions. It is completely working against the common interest and welfare of all. Net zero by 2050 is a generous goal, and we are bound to see climate change escalate in atrocious ways even with a mass mobilization to shift course. We don’t have time for further investments in fossil fuels. It is short sighted and extremely dangerous. 

There will be no bail outs when the world reaches 2 degrees Celsius. In order to minimize the imminent devastation of climate change, large financial institutions must divest from fossil fuel industries. Sign the petition below to demand that JP Morgan pull funding from fossil fuels. 

PETITION LETTER:

Dear Mr. Dimon,

In light of the climate goals set by the Paris Agreement in 2016, it is absolutely inappropriate that JPMorgan Chase has proceeded to invest $268.59 billion in fossil fuels. The climate crisis is one we all share. Every living thing holds stock in the environment. Any workable solution requires participation on all fronts. 

As one of the largest multinational financial institutions, you have a responsibility to do your part in mitigating the climate crisis and reducing CO2 emissions to net zero. Investing in fossil fuels now does not align with that goal by any means. It is reckless and sure to have devastating consequences that you cannot even imagine. You must divest from fossil fuels now. 

Sincerely,

[Your Name Here]

Photo credit: Petr Štefek




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2 Comments

  1. Being a Chase customer, I would like to see my money invested in sustainable energy rather than oil and gas. I hope enough pressure is put on them to end their investments in fossil fuels.

  2. Justin Recht says:

    Follow Germany and truly invest in a positive future!

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