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:
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
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:
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;
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
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.
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.
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!
Mar 02, 2020 · Barclays is just behind the US banks for fossil fuel financing – and shows no signs of slowing down. How banks are cashing in on the climate crisis Watch on For example, in just three years from 2016 to 2018, Barclays provided $85 billion in funding to fossil fuel companies.
Mar 03, 2020 · Mon 2 Mar 2020 19.01 EST Barclays is facing increasing pressure over its environmental stance after one of its top 25 investors came out in favor of a shareholder resolution urging the bank to…