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For Immediate Release
May, 19 2020, 12:00am EDT
Contact:
Christopher Herrara, christopher@ran.org, 510-290-5282
Gabby Brown, gabby.brown@sierraclub.org, 914-261-4626
JPMorgan Chase Faces Unprecedented Vote Against Its Financing of Fossil Fuels
Today, at the bank's virtual annual shareholder meeting, JPMorgan Chase, the world's worst funder of climate change, faced multiple questions on climate change as well as pressure to remove climate change denier and former Exxon CEO Lee Raymond from its board.
WASHINGTON
Today, at the bank's virtual annual shareholder meeting, JPMorgan Chase, the world's worst funder of climate change, faced multiple questions on climate change as well as pressure to remove climate change denier and former Exxon CEO Lee Raymond from its board. 49.6% of shareholders voted to require Chase to produce a plan to align its business with the goals of the Paris Agreement. And, in a strong rebuke to Jamie Dimon's leadership, 41.7% voted to split the roles of board chair and CEO.
Reactions to the votes at Tuesday's JPMorgan Chase Annual General Meeting:
"This shareholders' revolt against Jamie Dimon's failed record on climate change shows that JPMorgan Chase's days of acting as the house bank of the fossil fuel industry will have to end. The unprecedented share of the votes against management, and the fact that JPMorgan had to demote climate denier Lee Raymond from his board leadership role, shows that investors agree with activists that business as usual in financing fossil fuels is no longer acceptable."-- Patrick McCully, Climate & Energy Program Director, Rainforest Action Network
"The days when Chase could quietly funnel money into the fossil fuel industry without the public taking notice are over. The pressure Chase faced on climate at today's meeting and the votes showing unprecedented support for climate accountability are proof that the movement to push Chase and other big banks to clean up their act on climate is only gaining momentum and power. This is only the beginning, and we'll continue to demand meaningful changes to align Chase's investments with a climate-safe future."--Ben Cushing, Campaign Representative, Sierra Club
"While demoting climate-denying Lee Raymond as lead independent director after 19 years is a start, this is just the tip of the melting iceberg of what needs to happen at JPMorgan Chase. The future is not in financing risky, bankrupt prone fossil fuel companies wrecking our climate. It is in investing in community driven climate solutions. The climate related shareholder votes signal it's time for an overhaul at JPMorgan and we aren't going to stop until we achieve that."--Richard Brooks, Senior Strategist, 350.org
"My family lost everything in superstorm Sandy, which was supercharged by climate change, which JP Morgan Chase has helped cause by financing fossil fuels. Climate denier Lee Raymond already got demoted but it's clear it's time for the bank to boot him off the board entirely and stop financing climate destruction."--Rachel Rivera, Hurricane Sandy survivor, Member, New York Communities for Change
The Sierra Club is the most enduring and influential grassroots environmental organization in the United States. We amplify the power of our 3.8 million members and supporters to defend everyone's right to a healthy world.
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'War by Another Means': Union Movement Condemns Trump Economic Siege of Cuba
"Recent actions by the Trump administration have further exacerbated an already US-manufactured humanitarian crisis," said Public Services International Inter-America.
Feb 10, 2026
The inter-American branch of a global labor federation representing tens of millions of workers issued a statement Monday condemning the Trump administration's intensifying economic assault on Cuba and threats of regime change, calling such actions "war by other means" and violations of international law.
"They are incompatible with peace, the human right to dignity, and the principle of national sovereignty," said Public Services International (PSI) Inter-America as the Trump administration's blockade of oil imports fueled a worsening humanitarian crisis for the island nation, bringing rolling blackouts, straining hospitals, and causing shortages of food and other necessities.
The labor federation said Monday that the Trump administration's policies are an extension of the catastrophic, decades-long economic US blockade on Cuba, "which constitutes a violation of the United Nations Charter and has been condemned year after year by the overwhelming majority of the international community."
"Recent actions by the Trump administration have further exacerbated an already US-manufactured humanitarian crisis," PSI Inter-America said, pointing to the White House's blockade of Venezuelan oil shipments to Cuba and threats of economic retaliation against any country that provides the island nation with fuel.
"These measures deliberately deepen suffering and place lives in danger," the union federation said. "The blockade itself causes avoidable hardship, illness, and death among the Cuban people every year. Its intensification follows months of sanctions, seizures, and interference targeting Venezuelan oil shipments, further depriving Cuba of essential energy supplies."
The federation called on all of its affiliates worldwide and trade unions in the Americas to:
- Stand in active solidarity with the people of Cuba and publicly oppose the US blockade by raising their voices in protest, in every possible arena, to condemn this arbitrary and immoral measure;
- Demand that their governments take immediate and concrete action to defend international law, continue trade relations with Cuba, and ensure the delivery of all contractual and humanitarian goods;
- Advocate in all multilateral bodies for continued support for Cuba in the face of this ongoing economic aggression.
- Mobilize members to contact elected representatives through coordinated phone calls, emails, and letters demanding an end to the blockade;
- Press national labor centers to carry these demands forward on behalf of the entire labor movement;
- Organize and collect humanitarian and solidarity aid for Cuba; and
- Where possible, organize delegations to Cuba, including participation in the May 1 demonstrations in Havana and the Solidarity Conference on May 2, and consider earlier solidarity visits.
During a news conference on Monday, Mexican President Claudia Sheinbaum condemned the Trump administration's escalating economic warfare against Cuba as "deeply unjust" and vowed to "continue supporting Cuba"—even as her government halted oil shipments to its ally amid the US president's threats.
"You cannot strangle a people in this way," said Sheinbaum, who this past weekend authorized a shipment of more than 800 tons of humanitarian aid to Cuba, including food and other necessities.
"No one can ignore the situation that the Cuban people are currently experiencing because of the sanctions that the United States is imposing in a very unfair manner," the Mexican president added.
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Israel's US-Backed Assault on Gaza Set Stage for Collective Punishment in Cuba, AOC Says
"This is a new kind of era of depravity opened up," said the congresswoman. "There was this stated commitment on human rights—that innocent civilians were almost exempt from the rules of war, from blockades."
Feb 10, 2026
As the Cuban government announced Monday that the Trump administration's oil blockade on the country would soon leave airlines without jet fuel, US Rep. Alexandria Ocasio-Cortez warned that the international community has become far too accepting of acts of economic warfare that collectively punish an entire population, not just government officials.
Ocasio-Cortez (D-NY) told Drop Site News reporter Julian Andreone that the stage for the worsened suffering of Cuban people was set in Gaza, where both Republican and Democratic US officials have backed Israel's starvation policy and military assault since October 2023.
"This is what we've seen with Gaza, right, this is a new kind of era of depravity opened up, where there used to be—or there was this stated commitment on human rights—that innocent civilians were almost exempt from the rules of war, from blockades," Ocasio-Cortez said.
🎥 WATCH | Rep. Alexandria Ocasio-Cortez (NY) reacted to Drop Site News reporting on internal divisions in the Trump administration’s Cuba policy by pointing to Gaza as evidence of a broader collapse in Western human rights norms.
She said the “entire Western world” is looking… pic.twitter.com/SnI4niD8JH
— Drop Site (@DropSiteNews) February 10, 2026
Cuban people have long been victimized by the US government's decadeslong, illegal trade embargo. But Trump's decision to cut off Cuba's oil supply from Venezuela, which was its largest energy supplier, and threaten to slap tariffs on any country that provides oil to the island nation, has left families facing lengthy blackouts and the threat that Cuba's healthcare system could soon grind to a halt without fuel to keep hospitals running.
Trump has claimed he aims to punish the Cuban government, which he said last month constitutes "an unusual and extraordinary threat" to the US. He accused the country, without evidence, of harboring terrorists. Cuban officials have vehemently condemned the accusations.
Ocasio-Cortez compared Trump's economic attack on Cuba to the catastrophe the US-backed Israeli military has imposed on Gaza since 2023, when it began its assault and humanitarian aid blockade in retaliation for a Hamas-led attack on southern Israel. A "ceasefire" deal was reached in October, but hundreds of Palestinians have been killed by the Israel Defense Forces since then and Israel has continued to block aid.
While persistently claiming Hamas is the target of the assault—which international experts and human rights groups have called a genocide—the Israeli military, with US support, has killed more than 71,000 Palestinians and has bombed homes, schools, hospitals, and other civilian infrastructure.
"What has transpired is that now it's kind of become acceptable that the entire Western world will look the other way as they starve and deprive a people because they find political actors or political regimes in that country to be objectionable," said Ocasio-Cortez. "What we are seeing here is the possible precipice of hospitals running out of fuel... We're talking about innocent children, women that could be put in harm's way."
"It's incumbent upon all of us to defend human rights no matter where they are," she added.
Trita Parsi, executive vice president of the Quincy Institute for Responsible Statecraft, agreed with the congresswoman's analysis.
"Gaza was not just a genocide," he said, but was meant to further Israel's goal "to destroy much of international law and the norms around the use of force in order to make increasingly inhumane use of violence and coercion against CIVILIANS permissible."
Dylan Williams, vice president for government affairs at the Center for International Policy, added that Ocasio-Cortez was "rightly picking up the banner of a rules-based international consensus" on human rights, which was abandoned by the Biden administration when it gave financial and political support for Israel's assault on Gaza.
Ocasio-Cortez echoed the concerns voiced earlier this week by Pierre-Emmanuel Dupont, an international expert on sanctions law, who told the Cuban storytelling outlet Belly of the Beast that the Trump administration was "posing the risk of imminent humanitarian collapse in relation to the lack of fuel, which may gravely affect basically all human rights of the civilian population there."
“Sanctions should be expected to be limited to officials," said Dupont. "They are not supposed to apply bluntly to the whole population—which they do. They constitute collective punishment to the extent that they hit each and every Cuban citizen irrespective of their relationship with the government or regime.”
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'This Is Your Money': Trump Assault on CFPB Has Cost Consumers $19 Billion
"When you're counting the way that costs have gone up for American families over the last year, be sure to include the cost of getting cheated," said Sen. Elizabeth Warren.
Feb 10, 2026
The Trump administration's ongoing effort to dismantle the Consumer Financial Protection Bureau cost Americans nearly $20 billion in just a year, according to a report released Monday as Democratic lawmakers and campaigners marked the anniversary of the White House's hostile takeover and gutting of the CFPB.
The new report was assembled by Democrats on the Senate Banking Committee led by Sen. Elizabeth Warren (D-Mass.), an architect and champion of the CFPB. Citing bureau documents, publicly available data, and federal analyses, the report estimates that the Trump administration's mass dismissal of enforcement actions against abusive corporations, failure to distribute settlement payments, rescission of CFPB rules and guidance, and attack on the bureau's Consumer Complaint Program have collectively cost US consumers $19 billion over the past year.
That figure, the report emphasizes, "does not even begin to cover costs Americans could have been scammed out of due to a sidelined CFPB."
“Donald Trump promised to lower costs for Americans ‘On Day One.’ Instead, he is trying to shut down an agency that protects Americans from getting scammed out of their money by big banks and giant corporations,” Warren said in a statement. “As a result, Trump’s attempt to sideline the CFPB has cost families billions of dollars over the last year alone. We're going to keep fighting for the CFPB and against the billionaires who want to get rid of it.”
The report was released to mark one year since Russell Vought, the White House budget chief and acting CFPB director, ordered the bureau to effectively shut down its operations, including rulemaking and investigations into corporate wrongdoing.
Lawmakers have not confirmed Vought—a Project 2025 architect who has been explicit about his desire to kill the CFPB—as bureau chief, but he has remained in the acting director role thanks to White House legal maneuvers. In recent months, Vought has tried to starve the CFPB of funding—an effort that, for now, has been stymied in court.
"We want to put it out," Vought said in an interview late last year, boasting about mass firings that have left the consumer agency skeletal. "We will be successful probably within the next two or three months."
Another ridiculous price tag that Trump is forcing you to pay.
This is YOUR money.
You deserve a government that works for you, not against you and your financial interests. https://t.co/yd6hpYriXw
— Senator Andy Kim (@SenatorAndyKim) February 9, 2026
Prior to the start of President Donald Trump's second White House term, the CFPB had returned around $21 billion to US consumers scammed by banks and other corporations since the bureau's creation in the wake of the Great Recession.
"When you're counting the way that costs have gone up for American families over the last year, be sure to include the cost of getting cheated, because Donald Trump has driven that cost through the roof," Warren said during a rally with fellow Democratic lawmakers and advocates in Washington, DC on Monday.
"We are here today to remind Donald Trump and to remind all those Republicans who support him and enable him, to remind every one of them that they can kick this agency, they can try to hold this agency down, they can try to starve this agency, they can try to tie up the people who work at this agency, but at the end of the day, they will not kill this agency," said Warren. "We will stay in this fight, and we will win."
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