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Category Archives: Press Release

Sen. Merkley’s New Legislation Would Ban the Funding of Fossil Fuels

Washington, D.C. — Organizations with Stop the Money Pipeline, a coalition of over 130 groups working to end the financing of climate destruction, applauded the introduction of two new bills from Senator Jeff Merkley (D-OR) that would prevent banks and international financial institutions from continuing to finance fossil fuels.  The Protecting America’s Economy from the […]

Indigenous Women Leaders Warn Global Financial Companies to Stop Support for Tar Sands Oil

With key financial decision points looming on the Keystone XL, Line 3, and Trans Mountain pipelines, an open letter calls for policies respecting Indigenous rights and ruling out tar sands October 19, 2020 – This week, over 40 Indigenous women from communities impacted by tar sands sent an open letter to 70 major banks, insurers, and […]

JPMorgan Chase’s Paris Announcement Isn’t Enough

JPMorgan Chase Can’t Be Paris Aligned If It’s Still Funding Fossil Fuels  Members of Stop the Money Pipeline, a coalition of over 130 groups working to end the financing of climate chaos, respond to JPMorgan Chase’s “Paris-Alignment” announcement  JPMorgan Chase, the world’s largest banker of fossil fuels, announced this afternoon that it is committing to […]

Nationwide Protests at Financial Institutions Call for An End to Funding for Tar Sands Pipelines 

Activists target JP Morgan Chase, Liberty Mutual, and BlackRock for funding the Line 3, Trans Mountain, and Keystone XL Pipelines  Dozens of events took place across the country today as part of “Stop Funding Tar Sands: Day of Solidarity with Frontline Communities,” an international day of demonstrations against the financing of tar sands pipelines that […]

Friday, Oct 2: Protests Will Target Financial Institutions Backing Tar Sands Pipelines

Activists target JP Morgan Chase, Liberty Mutual, and BlackRock for funding the Line 3, Trans Mountain, and Keystone XL pipelines  Stop the Money Pipeline, a coalition of over 130 organizations working to end the financing of climate destruction, is hosting a Day of Action this Friday, October 2 to pressure major financial institutions to stop […]

Financial Regulators Must Do More to Address Climate Risk

This morning, the Commodity Futures Trading Commission issued its report on the risks that the climate emergency poses to the financial system. The report, Managing Climate Risk in the U.S. Financial System, warns of the grave threats that climate change poses to financial markets and institutions. It fails to mention, however, the threat that financial […]

Morgan Stanley’s Climate Commitment Needs to Go Further

New York, NY — Morgan Stanley announced today that it will become the first major American bank to track and report the greenhouse gas emissions from its loans and investments as part of the bank’s own contribution to the climate crisis. According to reporting by Politico, Morgan Stanley will join the Partnership for Carbon Accounting […]

Divest from Racism, Invest in Justice

Stop the Money Pipeline is a coalition of over 100 organizations working together to pressure financial institutions to stop financing climate destruction and start respecting Indigenous sovereignty and human rights. There is no human right more fundamental than the right to live. We stand in solidarity with all those who are demanding justice for the […]

The ReWIND Act Will Help Make Sure Money Gets to People Not Polluters

Climate, social justice, and progressive groups applaud the new ReWIND Act as an important measure to prevent a Big Oil Bailout WASHINGTON, D.C. — Hundreds of environmental, social justice, labor, and progressive organizations applauded the release of the ReWIND Act, new legislation introduced today that would block a Big Oil Bailout and ensure relief money […]

Under Pressure, JP Morgan Chase Demotes Former Exxon CEO Lee Raymond from Board Leadership Role 

New York, NY — Bowing to pressure from climate and shareholder activists, JP Morgan Chase will be demoting former Exxon CEO Lee Raymond from his Lead Independent Director position on the bank’s board. The news was buried in a filing with the SEC released on Friday.  Stop the Money Pipeline, a coalition of over 100 […]