Today, May 17th, youth organizers with many groups and grassroots organizers are gathering outside @jpmorgan @Chase’s NYC headquarters during their annual general meeting.
#StoptheMoneyPipeline #DefundClimateChaos
@FutureCoalition ImageImage
The world is burning, and @jpmorgan @Chase is throwing fuel on the fire – $382 BILLION SINCE 2016.

Communities are urgently calling to keep fossil fuels in the ground.

Yet megabanks like Chase are choosing to fund + enable new fossil fuel projects and human rights abuses! ImageImage
We’re LIVE outside @jpmorgan @Chase’s AGM!
WATCH: fb.watch/d3p2qdHis4/ Image
Youth climate organizers call on shareholders to call out @Chase greenwashing & inadequate climate policies by voting in favor of the proposed resolution to end fossil fuel expansion.

Passing this resolution would mean no more pipelines, mines, refineries, funded by Chase. ImageImage
We stand in solidarity with all land defenders, water protectors, and organizers fighting the expansion of fossil fuel infrastructure and communities taking action all around the world.

Can you hear us @jpmorgan @Chase?

#NoExpansion #DefundClimateChaos Image
Gratitude to everyone who organized and spoke, shared stories, and sang outside @jpmorgan @Chase NYC HQ today! Amazing work all!

@nychange @RAN @FutureCoalition @XRYOUTHNYC @XR_NYC @JoinDayenu
📸 by: @Bike_at_W4 ImageImage

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More from @StopMoneyPipe

May 17
$52.8 billion worth of investment capital just demanded that @Chase stops greenwashing and passes real climate targets.

Thoughts on why this matters: 🧵👇 Image
1/ In 2021, @Chase set 2030 climate targets using a greenwashing trick called “carbon intensity” -- pledging to reduce the “carbon intensity” of the oil & gas firms it finances.

But “carbon intensity” & reductions in “greenhouse gas emissions” are 2 very different things.
2/ Imagine you are the CEO of an oil firm. Your company owns 500 oil wells; it doesn’t own any windmills. Chase gives you a $1 billion loan. You use that loan to buy 100 new oil wells and 50 windmills.

You now own 100 additional oil wells, right?
Read 9 tweets
May 17
Today, at the annual meeting of @Chase more than $37.9 billion worth of investment capital demanded that the bank stop funding fossil fuel expansion. 🧵 Image
1/ $37.9 billion saying “No more fossil fuel expansion” to @Chase matters. Here’s why:

JPMorgan Chase is the world’s largest funder of fossil fuel expansion, providing nearly $16 billion to finance new coal, oil & gas operations in 2021.
@Chase 2/ Without that funding fossil fuel companies can’t afford to build new tar sands pipelines, fracking wells, or coal plants.

And that matters a whole lot.
Read 9 tweets
May 7, 2020
🧵KUDOS to @RepBarragan @SenJeffMerkley @IlhanMN @BernieSanders @RepHuffman @RepJayapal @EdMarkey @RepAOC for introducing the #ReWINDAct which would stop Trump & Wall Street from bailing out fossil fuels companies! stopthemoneypipeline.com/the-rewind-act…

The bill would: Image
1) 🛑the fossil fuel industry from receiving stimulus money through the Fed or Treasury Image
2)🛑 the expansion of the Strategic Petroleum Reserve Image
Read 10 tweets
Apr 30, 2020
Mnuchin & Trump could announce a plan to bailout Big Oil as early as tomorrow.

In our latest press release, we list 8 reasons why that’s a no good, terrible, messed up idea.
🧵
stopthemoneypipeline.com/mnuchin-big-oi…

#StopTheMoneyPipeline

#NoBigOilBailout
#1: The Trump Administration still hasn’t delivered for American families:

Nearly 25 million Americans are out of work. The administration needs to spend more time helping people and less time prioritizing the needs of oil company CEOs.
#2. Oil companies are in a crisis of their own making:

Oil and gas companies entered the coronavirus crisis over leveraged and saddled with massive debts. The industry’s profitability and share of the economy had already tanked. They got themselves into this mess.
Read 10 tweets

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