Union of Concerned Scientists

Tell JPMorganChase to Stop Funding Big Oil's Expansion

Evidence-based science clearly states that to avoid the increasing impacts of climate change, we must stop the expansion of fossil fuel infrastructure. Yet JPMorganChase continues to bankroll expansion plans for the fossil fuel industry, totaling billions of dollars for Big Oil.

JPMorganChase has made promises to support a transition to a low-carbon economy. However, its current book of business tells a different story, with JPMorganChase being the largest financier of fossil fuel expansion. We are looking at potential decades of carbon emissions that continue to weaken our climate's resilience.

Any plausible scenario to meet global climate goals demands dramatic reductions in fossil fuel use, in this decade and beyond. Meanwhile, funding Big Oil's expansion may take capital away from beneficial forward-thinking green projects. As one of the largest financial institutions in the world, JPMorganChase could be setting the pace by shifting funds into more climate-friendly ventures. Their actions have the power to shift the market and could lead more players in the industry to reconsider their investments in Big Oil.

Time is running out. Urge JPMorganChase CEO Jamie Dimon to stop funding fossil fuel companies' expansion activities.

https://secure.ucs.org/a/2026-jpmorgan-stop-funding-big-oils-expansion-1
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