The report says Citi, JP Morgan, Wells Fargo and Bank of America are the worst offenders, contributing a combined $1.3tn to fossil fuel companies such as ExxonMobile, Shell, Chevron or ConocoPhillips by financing their projects. The latest report last week from Banking on Climate Chaos, an organization that tracks bank financing for companies in the fossil fuel industry, found that US banks had loaned over $4.6tn to the fossil fuel industry since 2016, the year the Paris climate agreement was struck.

We’re asking them to stop it.”Įarlier on Monday in a linked action, activists protested outside a Wells Fargo in San Francisco. “As retirees, we have a lot of money in places like Citibank, Fidelity, Vanguard, Chase and Wells Fargo, and they’re using our money to fund new fossil fuel projects. Standing outside Citi’s New York headquarters was Siuli Gowilt, who belongs to Third Act, a group of protesters over the age 60 using their leverage with financial companies. Some waved off invitations to take a flyer or walked past the protesters, ignoring them altogether.Ĭlimate activists swarmed parts of New York and San Francisco on Monday afternoon, demanding that banks enact actionable climate resolutions on the eve of their annual shareholders meetings – when crucial decisions about fossil fuel funding are made. One woman dressed as a sunflower attempted to approach a Citibank employee, but her efforts were in vain.

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