Author Archives: Jamie Henn

Under Pressure, JP Morgan Chase Demotes Former Exxon CEO Lee Raymond from Board Leadership Role 

New York, NY — Bowing to pressure from climate and shareholder activists, JP Morgan Chase will be demoting former Exxon CEO Lee Raymond from his Lead Independent Director position on the bank’s board. The news was buried in a filing with the SEC released on Friday.  Stop the Money Pipeline, a coalition of over 100 […]

Mnuchin’s Big Oil Bailout will Line the Pockets of CEOs Instead of Helping American Families 

Washington, D.C. — Environmental groups expressed outrage on Wednesday evening at the news that the Trump Administration is moving forward with a bailout for oil and gas companies instead of prioritizing direct aid to American families and workers who have lost their jobs due to the coronavirus pandemic.  “Big Oil is looking to steal as […]

Stop the Money Pipeline Blasts Mnuchin’s Plan for a Big Oil Bailout

Washington, D.C. — In response to the news that Treasury Secretary Stephen Mnuchin was considering setting up a lending facility for struggling oil companies, a representative of the Stop the Money Pipeline coalition issued the following reaction.  Jamie Henn, a spokesperson for the Stop the Money Pipeline campaign said:  “The Trump Administration is willing to […]

“Stop the Money Pipeline Live” Rallies Tens of Thousands to End the Financing of Climate Destruction!

With digital bank takeovers, petition drives, and a “Move Your Money” push, tens of thousands turn up the heat on Wall Street to end the financing of fossil fuels and deforestation Washington, D.C. — Tens of thousands of people tuned into the second day of Earth Day Live today to learn how they could help […]

Youth + Elders Unite in New Push for Climate-Safe Pensions 

Managing more than $46 trillion in assets worldwide, pension funds are the world’s largest asset owners and among the biggest investors in fossil fuels. By funneling billions of dollars into this polluting industry, pension funds risk both the climate and the hard-earned retirement savings of our public workers. Today, united in a common cause, youth […]

Environmentalists Blast Oil Industry Attempts to Hijack the Fed’s Main Street Lending Program 

New York, N.Y. — Environmentalists are blasting attempts by oil and gas companies to hijack the Fed’s Main Street Lending Program in order to pay down their debt — debt that began skyrocketing long before the coronavirus impacted the industry.  “Big Oil is looking to steal as big a piece of the stimulus as possible. […]

Stop the Money Pipeline Aims to Turn Up the Heat on Wall Street during “Earth Day Live” 

Washington, DC — This Earth Day, activists will turn up the heat on Wall Street through mass online actions. Earth Day Live, the three-day online Earth Day celebration, will dedicate an entire day — Thursday, April 23 — to “Divest,” a day-long push to end the financing of climate destruction.  Programming for the day is […]

Private Banks Owning Oil Companies Is A Recipe for Disaster

NEW YORK, NY — The news that major U.S. banks like JPMorgan Chase are preparing to ask regulators to allow them to take direct ownership of oil and gas companies should ring major alarm bells on Capitol Hill and across the nation, according to organizations with the Stop the Money Pipeline coalition.  On Thursday evening, […]

JPMorgan Chase, Citi and Canadian Peers Endorse TC Energy’s Reckless Decision on Keystone XL

Big Banks Lead Multi-Billion Dollar Bond Issuances Days After Company Pushes Pipeline Forward Amid Global Pandemic CONTACT: Laurel Sutherlin, 415.246.0161, [email protected] On Tuesday, March 31, TC Energy announced its decision to move forward with the controversial Keystone XL tar sands oil pipeline — despite active legal challenges, a lack of required permits, and without the free, […]

“Stop the Money Pipeline” Coalition Blasts Oil CEOs White House Visit

Washington, D.C. — Stop the Money Pipeline, a coalition of over 90 organizations working to end the financing of climate destruction, are warning that an upcoming visit of oil CEOs to the White House on Friday cannot lead to a public bailout of the fossil fuel industry.  See quote sheet below.  Republican senators are also […]