
The six biggest U.S. banks -- Goldman Sachs, Wells Fargo, Citigroup, Bank of America, and Morgan Stanley -- just withdrew from the Net-Zero Banking Alliance, a global effort to align financial practices with the Paris Climate Agreement.
By walking away, these banks are doubling down on financing fossil fuels and abandoning their commitments to a livable future.
Here’s the truth: These financial giants are some of the biggest funders of oil, gas, and coal projects worldwide. While we face record-breaking temperatures, wildfires, and floods, they’re pouring billions into the industries fueling this crisis.
Their actions are an existential threat to our planet and we know why they’re doing this. It’s about profit over people and short-term greed over long-term survival. But this doesn’t have to be our future, we can pressure these banks to divest from destruction and reinvest in a renewable, sustainable economy.
Contribute to Democracy For America Advocacy Fund and fund the fight to make Big Banks divest from fossil fuels now!