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 […]
Category Archives: Press Release
Press Release
Under Pressure, JP Morgan Chase Demotes Former Exxon CEO Lee Raymond from Board Leadership Role
02
May
May
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 […]
Press Release
Mnuchin’s Big Oil Bailout will Line the Pockets of CEOs Instead of Helping American Families
30
Apr
Apr
Washington, D.C. — Environmental groups expressed outrage on Wednesday evening at the news that the Trump Administration is moving forward with a bailout for oil and gas companies instead of prioritizing direct aid to American families and workers who have lost their jobs due to the coronavirus pandemic. “Big Oil is looking to steal as […]
23
Apr
Apr
Washington, D.C. — In response to the news that Treasury Secretary Stephen Mnuchin was considering setting up a lending facility for struggling oil companies, a representative of the Stop the Money Pipeline coalition issued the following reaction. Jamie Henn, a spokesperson for the Stop the Money Pipeline campaign said: “The Trump Administration is willing to […]
Press Release
“Stop the Money Pipeline Live” Rallies Tens of Thousands to End the Financing of Climate Destruction!
23
Apr
Apr
With digital bank takeovers, petition drives, and a “Move Your Money” push, tens of thousands turn up the heat on Wall Street to end the financing of fossil fuels and deforestation Washington, D.C. — Tens of thousands of people tuned into the second day of Earth Day Live today to learn how they could help […]
Press Release
Environmentalists Blast Oil Industry Attempts to Hijack the Fed’s Main Street Lending Program
21
Apr
Apr
New York, N.Y. — Environmentalists are blasting attempts by oil and gas companies to hijack the Fed’s Main Street Lending Program in order to pay down their debt — debt that began skyrocketing long before the coronavirus impacted the industry. “Big Oil is looking to steal as big a piece of the stimulus as possible. […]
Press Release
Stop the Money Pipeline Aims to Turn Up the Heat on Wall Street during “Earth Day Live”
16
Apr
Apr
Washington, DC — This Earth Day, activists will turn up the heat on Wall Street through mass online actions. Earth Day Live, the three-day online Earth Day celebration, will dedicate an entire day — Thursday, April 23 — to “Divest,” a day-long push to end the financing of climate destruction. Programming for the day is […]
10
Apr
Apr
NEW YORK, NY — The news that major U.S. banks like JPMorgan Chase are preparing to ask regulators to allow them to take direct ownership of oil and gas companies should ring major alarm bells on Capitol Hill and across the nation, according to organizations with the Stop the Money Pipeline coalition. On Thursday evening, […]
03
Apr
Apr
Washington, D.C. — Stop the Money Pipeline, a coalition of over 90 organizations working to end the financing of climate destruction, are warning that an upcoming visit of oil CEOs to the White House on Friday cannot lead to a public bailout of the fossil fuel industry. See quote sheet below. Republican senators are also […]
27
Mar
Mar
The public should not pay for banks’ risky bets on oil and gas Washington, DC — The Commodity Futures Trading Commission’s (CFTC) decision to grant Capital One a waiver for its commodity swaps with oil and gas companies sets a dangerous precedent, according to members of Stop the Money Pipeline, a coalition of organizations aimed […]
