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J.P. Morgan & Co.

Climate warning

JPMorgan is the top financier of Amazon oil and gas projects

According to a new report from Stand.earth and the Coordinator of Indigenous Organizations of the Amazon Basin, 8 major banks are responsible for most of the $20 billion in financing for oil and gas companies working in the Amazon. The 8 banks are JPMorgan Chase, Itaú Unibanco, Citibank, HSBC, Banco Santander, Bank of America, Banco Bradesco and Goldman Sachs. Among them, JPMorgan Chase tops the list and has given around $1.3 billion to state-owned oil and gas companies. It also supports global oil traders like Trafigura, PetroThailand and Shell.
The report recommends that banks make an “immediate commitment” to making no new financing agreements with oil and gas companies working in the Amazon as well as ending all existing financing agreements with companies by 2025 at the latest.
We Don't Have Time for oil and gas, We Don't Have Time for banks that finance the climate crisis.
Oil spill in Ecuador (by Wikimedia)
Oil spill in Ecuador (by Wikimedia)

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17 more agrees trigger contact with the recipient

  • Hilda Wangui

    44 w

    Urgent action needed for Jp Morgan to stop funding the fossils fuel

    6
    • Marine Stephan

      44 w

      @hilda_wangui yes, they need to stop funding fossil fuels now! I really don't understand how they could still do it

    • Rashid Kamau

      44 w

      Discouraging!

      1
      • George Kariuki

        44 w

        Quite disappointing. JP Morgan is always up to no good.

        1
        • Annett Michuki..

          44 w

          their money will not buy them safety from the crisis

          4
        • Jengaj John

          44 w

          Shame on them! No words can describe how it feels.

          1
          • Rukia Ahmed Abdi

            44 w

            JPMorgan should be ashamed

            3
            • mercy nduta

              44 w

              Why are they pulling us back? It's a big shame and not tolerable!

              3
              • Komu Daniel

                44 w

                This needs to stop Immediately

                4
                • Princess

                  44 w

                  It's important to find a balance between making money and taking care of nature to avoid problems in the future.

                  12
                  • Rashid Kamau

                    44 w

                    @princess_nel_268 Thus,ensures survival, existence and stability of the environment.

                    1
                    • Princess

                      44 w

                      @rashid_kamau 💯true

                    • Gorffly mokua

                      44 w

                      We demand for climate justice!! This should be stopped.

                      4
                      • Princess

                        44 w

                        @gorffly_mokua true! cause it might harm the environment and the delicate ecosystems there.

                        1
                        • Rashid Kamau

                          44 w

                          @gorffly_mokua We need urgent action to stop catastrophic climate change.

                        • Professor Aniebiet Inyang Ntui

                          44 w

                          ⚠️

                          9
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