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Big Bank Boycott

"You're feeding the monster"

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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,

 

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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,

Morgan Stanley

James Gorman, CEO.  james.gorman@morganstanley.com

Dear Mr. Gorman,

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.

Morgan Stanley’s environmental investment strategy claims: “Given our position as one of the world’s leading financial services firms and our ongoing commitment to good corporate citizenship, we have a responsibility to manage and leverage our resources in a way that promotes a healthy and sustainable environment.”  Why, then, has Morgan Stanley financed $6.59 billion for coal power, $1.55 billion for coal mining, $23.57 billion for “extreme” oil drilling, and $19.23 billion for liquefied natural gas export from 2013-15?    

Morgan Stanley 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 Morgan Stanley 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,

 

ING

Customer Service: customer.service@ingdirect.com.au

Dear Customer Service Representative:

I hope 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.

ING’s sustainability transition document states: “Being sustainable is not just about reducing our own footprint, it is in all the choices we make – as a lender, as an investor and through the services we offer our customers. We continue to believe that financial services play a significant role in creating a healthy and sustainable world.”  Why, then, has ING financed $4.91 billion for coal power, $610 million for coal mining, $780 million for “extreme” oil drilling, and $2.93 billion for liquefied natural gas export from 2013-15?    

ING 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 ING 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,

 

Goldman Sachs

Lloyd Blanfein, CEO, lloyd.blankfein@gs.com

Dear Lloyd Blankfein,

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.

“Goldman Sachs believes that a healthy environment is necessary for the well-being of society, our people and our business, and is the foundation for a sustainable and strong economy.”  Why, then, has Goldman Sachs financed $3 billion for coal power, $5.67 billion for coal mining, $13.16 billion for “extreme” oil drilling, and $11.69 billion for liquefied natural gas export from 2013-15?

Goldman Sachs 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 Goldman Sachs 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,

 

TD Bank

TD Bank customer service.  Submit e-mail at: https://www.tdbank.com/customerservice/contact-us.aspx

To my TD Bank family:

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.

TD Bank’s environmental investment strategy claims: “It’s clear that TD’s environmental responsibilities stretch beyond our own business operation and extend to the activities that we finance through both lending and investing.”  Why, then, has TD Bank financed $60 million for coal power, $3.86 billion for “extreme” oil drilling, and $1.29 billion for liquefied natural gas export from 2013-15?    

TD Bank 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 TD Bank 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,

 

Chase

Jamie Dimon, CEO, executive.office@chase.com

Dear Jamie Dimon,

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.

JP Morgan Chase’s environmental investment strategy claims: “We recognize that the policies and practices we adopt today will shape not only our lives, but also those of future generations.”  Why, then, has JP Morgan Chase financed $13.41 billion for coal power, $2.65 billion for coal mining, $37.77 billion for “extreme” oil drilling, and $30.58 billion for liquefied natural gas export from 2013-15?    

JP Morgan Chase 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 JP Morgan Chase 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,

 

PNC

https://www.pnc.com/en/customer-service.html

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.

PNC’s environmental investment strategy claims: “PNC supports the continued adoption of renewable energy and encourages innovation in the deployment of alternative energy sources by helping customers implement economically viable renewable energy solutions.”  But at the same time, PNC has financed $510 million for coal power, $2.3 billion for coal mining, and $180 million for liquefied natural gas export from 2013-15?    

PNC 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 PNC 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,

 

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