Activists target JP Morgan Chase, Liberty Mutual, and BlackRock for funding the Line 3, Trans Mountain, and Keystone XL pipelines Stop the Money Pipeline, a coalition of over 130 organizations working to end the financing of climate destruction, is hosting a Day of Action this Friday, October 2 to pressure major financial institutions to stop […]
Category Archives: Press Release
09
Sep
Sep
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 […]
20
Jul
Jul
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 […]
03
Jun
Jun
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 […]
05
May
May
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 […]
Press Release
Under Pressure, JP Morgan Chase Demotes Former Exxon CEO Lee Raymond from Board Leadership Role
02
May
May
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 […]
Press Release
Mnuchin’s Big Oil Bailout will Line the Pockets of CEOs Instead of Helping American Families
30
Apr
Apr
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 […]
23
Apr
Apr
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 […]
Press Release
“Stop the Money Pipeline Live” Rallies Tens of Thousands to End the Financing of Climate Destruction!
23
Apr
Apr
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 […]
Press Release
Environmentalists Blast Oil Industry Attempts to Hijack the Fed’s Main Street Lending Program
21
Apr
Apr
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. […]