Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

Corporate gatekeepers and big tech monopolists are making it more difficult than ever for independent media to survive. Please chip in today.

For Immediate Release

Contact

Blair Fitzgibbon, 202-503-6141, blair@soundspeedpr.com

Press Release

Rainforest Action Network on BlackRock's Climate Commitment

 
WASHINGTON -

Patrick McCully, Climate and Energy Program Director for Rainforest Action Network said:

“BlackRock CEO Larry Fink’s annual letter lays down the gauntlet to other mega-money managers to also get serious about pushing corporations out of fossil fuels. One fellow Wall Street billionaire who needs to take note — and take action — is Jamie Dimon, CEO of JPMorgan Chase. JPMorgan is the world’s seventh biggest asset manager with over $2 trillion in assets under management."

“While it has been widely reported that JPMorgan Chase is the world’s biggest lender and underwriter to fossil fuel companies, it has been less reported that it holds billions of dollars of fossil fuel company stocks and bonds through its asset management arm. JPMorgan asset management has an atrocious record of voting against shareholder resolutions on climate change and has zero commitments to divest any coal, gas or oil assets.

“With Fink’s seeming conversion to climate responsibility, this leaves Jamie Dimon as very clearly the dirty billionaire of Wall Street.”

###

Rainforest Action Network (RAN) is headquartered in San Francisco, California with offices staff in Tokyo, Japan, and Edmonton, Canada, plus thousands of volunteer scientists, teachers, parents, students and other concerned citizens around the world. We believe that a sustainable world can be created in our lifetime and that aggressive action must be taken immediately to leave a safe and secure world for our children.  

'Cancel It, Don't Means Test It!' Omar Says of Student Debt

Progressive lawmakers and other critics continue to warn the Biden administration against the "logistical nightmare" of limiting debt cancellation by income.

Jessica Corbett ·


Trump DOJ Casting Long Shadow Over Biden Admin: Analysis

The Biden administration "should adopt Trump's positions about as often as a stopped clock is accurate," the Revolving Door Project argues.

Brett Wilkins ·


'Fueling the Flames': Model Shows Growing Risk of Wildfires in US

"It's time to end fossil fuels and better manage our forests."

Jessica Corbett ·


Sentenced for Coal Blockade, Climate Activists Vow to 'Continue to Do What Must Be Done'

"The judge seemed more concerned that these non-violent activists disrupted profits than the fact that the continued use of coal is causing irreparable harm to the planet," said one supporter.

Julia Conley ·


Chile Finalizes New Draft Constitution in Bid to Bury Pinochet's Neoliberal Legacy

"This is an ecological and equal constitution with social rights at its very core," the president of Chile's constituent assembly said of the new document, which the nation's adults will vote on in September.

Kenny Stancil ·

Common Dreams Logo