Category Archives: Press Release

Financial Regulators Must Do More to Address Climate Risk

This morning, the Commodity Futures Trading Commission issued its report on the risks that the climate emergency poses to the financial system. The report, Managing Climate Risk in the U.S. Financial System, warns of the grave threats that climate change poses to financial markets and institutions. It fails to mention, however, the threat that financial […]

Morgan Stanley’s Climate Commitment Needs to Go Further

New York, NY — Morgan Stanley announced today that it will become the first major American bank to track and report the greenhouse gas emissions from its loans and investments as part of the bank’s own contribution to the climate crisis. According to reporting by Politico, Morgan Stanley will join the Partnership for Carbon Accounting […]

Divest from Racism, Invest in Justice

Stop the Money Pipeline is a coalition of over 100 organizations working together to pressure financial institutions to stop financing climate destruction and start respecting Indigenous sovereignty and human rights. There is no human right more fundamental than the right to live. We stand in solidarity with all those who are demanding justice for the […]

The ReWIND Act Will Help Make Sure Money Gets to People Not Polluters

Climate, social justice, and progressive groups applaud the new ReWIND Act as an important measure to prevent a Big Oil Bailout WASHINGTON, D.C. — Hundreds of environmental, social justice, labor, and progressive organizations applauded the release of the ReWIND Act, new legislation introduced today that would block a Big Oil Bailout and ensure relief money […]

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 […]

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 […]