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Big Bank Boycott

"You're feeding the monster"

Action Steps

  1. Contact your big bank, letting them know you’ll close your account if they don’t divest from fossil fuels.
  2. Open an account at a local bank or credit union.  We’ve got resources to help you find options close to you.
  3. Close your account.  Let them know you’re a part of the Big Bank Boycott.
  4. Spread the word on all the social medias! #bigbankboycott
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The Big Bank Boycott

Who are the bad guys?

Fossil Fuel Investments from 2013-15
JP Morgan Chase: $84.41 bn
Bank of America: $59.23 bn
 CitiBank: $57.12 bn
Morgan Stanley: $50.94 bn
Goldman Sachs: $33.52 bn
Wells Fargo: $28.72 billion
ING: $8.23 bn

TD Bank: $5.21 bn
PNC: $2.99 bn
Some other baddies:
US Bank
Capital One
See the fossil fuel breakdown at:

Wells Fargo

Michael Armstrong, Senior Vice President, Director of Customer Service michael.armstrong@wellsfargo.com, socialcare@wellsfargo.com

Dear Michael,

I am sure you are aware of the urgency of the current global climate crisis. The UN has stated the necessity of limiting global warming to 2 degrees Celsius. To achieve this, it is absolutely crucial that businesses work alongside governments, individuals and other organisations to meet ambitious targets – especially when it comes to transitioning from fossil fuel use to renewable energy.

Wells Fargo’s environmental investment strategy claims: “We are committed to doing our part to accelerate the transition to a lower-carbon economy and reduce the impacts of climate change.”  Why, then, has Wells Fargo financed $7.62 billion for coal power, $1.71 billion for coal mining, $6.05 billion for “extreme” oil drilling, and $13.33 billion for liquefied natural gas export from 2013-15?    

Wells Fargo plays a vital role in deciding what types of energy projects get funded, and in determining the future of our planet’s climate. If we are to prevent the effects of climate crisis from being devastating to us all, it is imperative that you stop providing finance to fossil fuel projects, and start investing in the sustainable economy instead.

The worldwide movement for fossil fuel divestment is growing every day. As a citizen concerned about our global capacity to meet targets and reduce the effects of climate change, I cannot give my financial support to an institution that bankrolls climate change. Therefore, as a customer of your bank, I hereby make the following demands:

– Immediately disclose all your investments in the fossil fuel industry.

– Commit to a 5 year plan to completely divest from fossil fuels.

If you do not meet these requests, I will be left with no choice but to move my money to a financial institution that takes its social, ethical and environmental responsibilities seriously. Until you show a solid, lasting and credible commitment to fossil fuel divestment, as outlined above, I can no longer continue to support your organization and its activities, and furthermore, I will do everything I can to encourage others to move their money from Wells Fargo as part of the Big Bank Boycott.  Your failure to divest will endanger my children’s future as well as your own children’s future.

You have a fantastic opportunity ahead to set humanity on course for a better future, to shift investment to sustainable energy, and to completely transform your own reputation in the process. Please, do what you know is the right thing.

With hope and my warmest regards,

 

Local Banks

Local banks are always a good bet.  You know they’re close to you, and their money goes directly back into your community.  Almost all of them have mobile apps so you can do your banking online, too.

How do you find a local bank near you?

This nifty Bank Locator, from the Independent Community Bankers of America, is here to help: http://www.icba.org/go-local/take-part/bank-locator

CitiBank

Dear CitiBank customer <3,

CitiBank’s Sustainable Progress Strategy “is based on our commitment to innovation, responsible finance, client partnership, and strengthening the connection of environmental and social issues and global finance.”  Why, then, has Citigroup financed $24.06 billion for coal power, $3.8 billion for coal mining, $23.37 billion for “extreme” oil drilling, and $25.89 billion for liquefied natural gas export from 2013-15?

Join the Big Bank Boycott.  Tell your bank to divest from fossil fuels, and if they don’t, move your money to a community bank or credit union.

“You’re feeding the monster.” http://www.thebigbankboycott.com

CitiBank

Citigroup (Citibank): Brit Simon, Senior Vice President Customer Experience,  brit.simon@citi.com

Dear Brit Simon,

I am sure you are aware of the urgency of the current global climate crisis. The UN has stated the necessity of limiting global warming to 2 degrees Celsius. To achieve this, it is absolutely crucial that businesses work alongside governments, individuals and other organisations to meet ambitious targets – especially when it comes to transitioning from fossil fuel use to renewable energy.

Citigroup’s Sustainable Progress Strategy “is based on our commitment to innovation, responsible finance, client partnership, and strengthening the connection of environmental and social issues and global finance.”  Why, then, has Citigroup financed $24.06 billion for coal power, $3.8 billion for coal mining, $23.37 billion for “extreme” oil drilling, and $25.89 billion for liquefied natural gas export from 2013-15?    

Citigroup plays a vital role in deciding what types of energy projects get funded, and in determining the future of our planet’s climate. If we are to prevent the effects of climate crisis from being devastating to us all, it is imperative that you stop providing finance to fossil fuel projects, and start investing in the sustainable economy instead.

The worldwide movement for fossil fuel divestment is growing every day. As a citizen concerned about our global capacity to meet targets and reduce the effects of climate change, I cannot give my financial support to an institution that bankrolls climate change. Therefore, as a customer of your bank, I hereby make the following demands:

– Immediately disclose all your investments in the fossil fuel industry.

– Commit to a 5 year plan to completely divest from fossil fuels.

If you do not meet these requests, I will be left with no choice but to move my money to a financial institution that takes its social, ethical and environmental responsibilities seriously. Until you show a solid, lasting and credible commitment to fossil fuel divestment, as outlined above, I can no longer continue to support your organisation and its activities, and furthermore, I will do everything I can to encourage others to move their money from Citigroup as part of the Big Bank Boycott.  Your failure to divest will endanger my children’s future as well as your own children’s future.

You have a fantastic opportunity ahead to set humanity on course for a better future, to shift investment to sustainable energy, and to completely transform your own reputation in the process. Please, do what you know is the right thing.

With hope and my warmest regards,

Bank of America

tom.montag@baml.com, CEO

Dear Tom Montag,

I am sure you are aware of the urgency of the current global climate crisis. The UN has stated the necessity of limiting global warming to 2 degrees Celsius. To achieve this, it is absolutely crucial that businesses work alongside governments, individuals and other organisations to meet ambitious targets – especially when it comes to transitioning from fossil fuel use to renewable energy.

Bank of America’s environmental investment strategy claims: “We understand the powerful role we have to play—globally—in helping our customers and clients navigate the transition to a low-carbon, sustainable economy.”  Why, then, has Bank of America financed $10.85 billion for coal power, $3.92 for coal mining, $24.85 billion for “extreme” oil drilling, and $29.61 billion for liquefied natural gas export from 2013-15?    

Bank of America plays a vital role in deciding what types of energy projects get funded, and in determining the future of our planet’s climate. If we are to prevent the effects of climate crisis from being devastating to us all, it is imperative that you stop providing finance to fossil fuel projects, and start investing in the sustainable economy instead.

The worldwide movement for fossil fuel divestment is growing every day. As a citizen concerned about our global capacity to meet targets and reduce the effects of climate change, I cannot give my financial support to an institution that bankrolls climate change. Therefore, as a customer of your bank, I hereby make the following demands:

– Immediately disclose all your investments in the fossil fuel industry.

– Commit to a 5 year plan to completely divest from fossil fuels.

If you do not meet these requests, I will be left with no choice but to move my money to a financial institution that takes its social, ethical and environmental responsibilities seriously. Until you show a solid, lasting and credible commitment to fossil fuel divestment, as outlined above, I can no longer continue to support your organisation and its activities, and furthermore, I will do everything I can to encourage others to move their money from Bank of America as part of the Big Bank Boycott.

You have a fantastic opportunity ahead to set humanity on course for a better future, to shift investment to sustainable energy, and to completely transform your own reputation in the process. Please, do what you know is the right thing.

With hope and my warmest regards,

Bank of America

Dear Bank of America customer <3,

Bank of America’s environmental investment strategy claims: “We understand the powerful role we have to play—globally—in helping our customers and clients navigate the transition to a low-carbon, sustainable economy.”  Why, then, has Bank of America financed $10.85 billion for coal power, $3.92 for coal mining, $24.85 billion for “extreme” oil drilling, and $29.61 billion for liquefied natural gas export from 2013-15?    

Join the Big Bank Boycott.  Tell your bank to divest from fossil fuels, and if they don’t, move your money to a community bank or credit union.

“You’re feeding the monster.” http://www.thebigbankboycott.com

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