Earth Day Every Day Action #1: Banking (See P.S. just added)

A few days ago I received a letter from Rainforest Action Network (www.ran.org), about the work they are doing and asking for a donation. In the letter was a paragraph letting us know that the 13th Banking on Climate Chaos has been released. At the end of the paragraph is their website just for this project:

BankingonClimateChaos.org

On this website you can sign a petition that goes to four major banks that are involved with fossil fuels:

1. J.P. Morgan Chase

2. Bank of America

3. Citigroup

4. Wells Fargo

In Jane Fonda’s Book, What Can I Do? she writes about credit cards and recommends you do some research to see if your credit card is affiliated with banks supporting fossil fuels, and if so, consider changing to a “green” bank. Here are four links that I plan to investigate and make any necessary changes to my credit cards:

  1. Jun 07, 2021 · Green Banking is a type of banking that provides sustainable financial services. Green Banking can provide these sustainable financial services by using green finance to promote sustainability in the following areas: lending to companies and individuals who are committed to environmental responsibility;

  2. Jan 20, 2022 · Green banks are an alternative solution, prioritizing finance and sustainability. These institutions invest in clean energy, climate action, and eco-conscious projects, ensuring your money is sustainable for both you and the planet. Here’s how it works and how you can get involved. Why Green Banking > Climate-Threatening Banking

  3. Sep 18, 2017 · Green banking is a new financing trend where banks shift their investment strategies to focus on sustainable technologies and environmentally-friendly initiatives. It became widely popular among banks following the Paris Climate Agreement and has since helped promote investments in renewable energy, reforestation projects, and carbon offsets.

  4. May 21, 2021 · How Can Banks Be Green? It’s clear that a sustainable global economy needs a transparent banking system. Our economic system must be revised to prioritize ecological.

    P.S. You can also Google your credit card and ask if it is green. I Googled American Express and a great deal of info came up. Here is just one excerpt:

    Climate Partnerships and Pledges from American Express:

    • Joined RE100 in 2020, a global initiative of businesses committed to using 100% renewable electricity.
    • Committed to set targets aligned with the Science Based Target initiative and joined the Business Ambition for 1.5°C in 2021.
    • Joined the Race to Zero in 2021, established by the United Nations Framework Convention on Climate Change (UNFCCC) to rally leadership for a zero-carbon recovery.
    • Became a formal TCFD Supporter in 2021 to work toward building a more resilient financial system through transparent, climate-related financial disclosures.
    Earth Day concept. Hand holding a leaf and earth.

    P.S. Personal Example from today: I have a credit card that I use for shopping at Banana Republic, The Gap, and Athleta because these stores (I believe one company) give you points that equal money that I can use at any of the stores. This group of stores is changing from Synchrony Bank to Barclay Bank. I went to my local Gap and the sales person looked up Barclay Bank: bad news! I told her she just lost a customer!

    Then I came home and Googled Barclay Bank and Fossil Fuels and came up with lots of info on this non-green bank. Below is just a sample of some of the info.

    Feel free to write Barclay’s or just don’t use a credit card from this bank. Put your money where your heart is!

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