For Immediate Release

Organization Profile: 
Contact: 

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

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.”

###

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.

Please select a donation method:



Rainforest Action Network (RAN) is headquarted 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.  

Share This Article