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Closed For Good

Extinction Rebellion is running the #ClosedForGood Campaign, demanding the fossil fuel industry, and the governments and financial institutions that enable them, to Close for Good as the global economy recovers from the coronavirus. We need a rapid global transition away from fossil fuels and towards renewable energy and ecological sustainability if we are to avoid climate and ecological catastrophe, and the resulting societal collapse.

Fossil fuel projects don’t just need governmental approval - they also need money. There's a private bank financing every fossil fuel project and therefore funding global heating and the destruction of Earth.

From Rainforest Action Network's Report: Banking on Climate Change 2020, "33 of the world's largest banks have financed fossil fuels with 1.9 trillion since the Paris Agreement was signed, with financing on the rise each year."

JPMorgan Chase, Wells Fargo, Bank of America, and Citibank are the four top banks funding fossil fuels globally - leading life on Earth towards extinction.

Chase Bank

More than any other bank in the world, JPMorgan Chase continues to choose profits over people and planet. Since Trump took office, Chase has quadrupled its investments in tar sands oil and increased financing of coal by over 2,000%.

Not only is Chase ignoring the limits of Earth, but they have ignored the demands of their shareholders. In 2018, Chase blocked its shareholders from voting on a resolution that would have forced Chase to report on the financial and climate risks associated with continuing to invest in tar sands.

Chase Bank:

• The worst banker of fossil fuels in the world
• Poured $317 billion into fossil fuels between 2016-2020
• Held the #1 spot as the worst banker of fossil fuels in 2016, 2017, 2018, and 2019
• The worst banker of: Arctic oil and gas, tar sands, and ultra-deepwater oil and gas
• Second worst banker of fracking (just behind Wells Fargo)
• The only bank financing all four key tar sands expansion companies
• Has no policies restricting finance to fossil fuel expansion