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For Immediate Release
May, 19 2020, 12:00am EDT
Tuesday 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
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
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Campaigners Confront Plastics Treaty Delegates, Demanding Deal That Stops Pollution 'At Its Source'
"With just days remaining, the dynamic must change," said Break Free From Plastic. "Countries must keep their commitment to end plastic pollution."
Aug 09, 2025
As the final negotiations for a Global Plastics Treaty reached the halfway point on Saturday, delegates entering the Palais des Nations in Geneva, Switzerland for the day's talks were met by more than 200 campaigners representing civil society groups who stood in silence along the path leading to the United Nations building—but nonetheless sent a clear message.
The civil society observers displayed signs in multiple languages, urging negotiators at the second plenary of the Intergovernmental Negotiating Committee to "fix the process" and keep their promises to drastically reduce plastic waste and toxic chemicals in plastic products.
Achieving goals like banning single-use plastics, capping plastic production, and imposing regulations on harmful additives within the treaty will be impossible, campaigners have warned, if the biggest plastic-producing countries like the United States are permitted to lobby for a weaker treaty and if fossil fuel industry lobbyists continue to overpower anti-pollution advocates at the talks.
"People worldwide have made it clear: They support decisive action to cut plastic production, consumption, and pollution," said the Break Free From Plastic movement in a statement Friday. "A majority of governments have endorsed these demands, yet negotiations are stalling with a small group of petro- and plastic-producing states deploying delay tactics, with no sign that they intend to raise ambition."
"With just days remaining, the dynamic must change," said the group. "Countries must keep their commitment to end plastic pollution. They must use every tool available to deliver a strong treaty—one that includes legally binding rules on production and chemicals, uplifts real solutions, safeguards human rights, and protects frontline communities."
The talks began earlier this week, with negotiators tasked with forging a legally binding treaty to restrict plastic pollution, following a 2022 agreement that was reached as the result of a proposal from Rwandan and Peruvian officials. The first round of talks, which were supposed to end with a treaty, stalled last December after plastic-producing countries refused to cap production. More than 100 countries at the negotiations agreed to a plastic production limit.
As with fossil fuel emissions, many countries in the Global South are not major producers of plastic waste—but the U.S. exports more than 1 billion pounds of plastic waste to low-income countries each year.
The climate action group Greenpeace has warned that fossil fuel and chemical industry lobbyists outnumber experts on the impact of pollution 4-to-1 at the negotiations in Geneva, and are joining oil- and plastic-producing countries in continuing to push for a treaty that focuses on downstream measures they claim will address pollution, such as improving recycling systems.
As Common Dreams reported Thursday, the Trump administration has called on countries participating in the talks to reject "impractical" terms within the treaty, such as plastic production caps, bans, or restrictions on certain additives to plastic products.
Scientists believe that less than 10% of plastic products ever get recycled, despite the efforts of individuals to recycle their products.
Katie Drews, national director of the U.S.-based Alliance for Mission-Based Recycling (AMBR), said Friday that "recycling is essential, but it cannot solve the plastics crisis," which must be stopped "at its source."
"Without binding caps on plastic production, bans on toxic chemicals, and global mandates to design packaging for safety, reuse, and real recyclability, downstream solutions will continue to be overwhelmed and communities will continue to pay the price," said Drews. "AMBR stands with scientists, health professionals, youth, frontline and fenceline communities, Indigenous peoples, waste pickers, and mission-driven allies worldwide in urging governments to act. We need a treaty that truly protects human and environmental health, one that goes beyond words to bold, enforceable action."
Advocates' concerns are backed up by a study published in The Lancet this week, which said that without far-reaching efforts to stop more plastic from being produced, "production is on track to nearly triple by 2060."
As campaigners and scientists have worked towards a Global Plastics Treaty since 2022, companies like Dow, Shell, and ExxonMobil have only been ramping up their production of plastic, expanding their capacity by 1.4 million tons. Just seven petrochemical giants have sent a combined 70 lobbyists to the talks, which are scheduled to wrap up on August 14.
"The more we produce, the more we pollute," said Jules Vagner, president of the French group Objectif Zéro Plastique. "Opposing binding targets to reduce plastic production is, in practice, choosing to let pollution continue and worse, accelerate. We do not want another treaty that manages waste. We want one that ends pollution at the source."
"If some countries are unwilling to rise to this historic moment, they should step aside," said Vagner. "Not block global progress. We want a world free from plastic pollution, not one that adapts to it."
Texas AG Paxton Files 'Baseless' Lawsuit to Unseat 13 Democratic State Lawmakers
"This seat doesn't belong to him or me—it belongs to the people," one targeted legislator defiantly declared.
Aug 08, 2025
Republican Texas Attorney General Ken Paxton on Friday sued former Congressman Beto O'Rourke and his political action committee in what critics called a "baseless" bid to oust 13 Democratic lawmakers who left the state in an effort to thwart a GOP gerrymandering scheme.
Paxton's office claimed that O'Rourke, a Democrat, and his Powered by People PAC illegally solicited donations to cover personal expenses for Democratic state legislators who fled Texas in an effort to block a Republican plan to rig the state's congressional map at the behest of President Donald Trump.
Paxton is seeking a temporary restraining order and an injunction to stop O'Rourke and Powered by People from raising or distributing funds to support the more than 50 Democratic lawmakers who left Texas. The attorney general argued that 13 state legislative seats "have been vacated due to continued unlawful absences."
"Democrat runaways are likely accepting Beto Bribes to underwrite their jet-setting sideshow in far-flung places and misleadingly raising political funds to pay for personal expenses," Paxton alleged in a statement. "This out-of-state, cowardly cabal is abandoning their constitutional duties. I will not allow failed political has-beens to buy off Texas elected officials."
This, after Paxton and Texas House Speaker Dustin Burrows (R-83) asked an Illinois court to enforce civil arrest warrants issued Monday in a bid to compel Democratic state legislators to return to Austin to vote on the legislation. U.S. Sen. John Cornyn (R-Texas) also enlisted the FBI's assistance to track down and arrest the absconding Democrats.
O'Rourke said Friday that Powered by People filed a retaliatory lawsuit accusing Paxton of using "the power of the state of Texas to try and intimidate Mr. O'Rourke from challenging defendant in a free and fair election."
"The guy impeached for bribery is going after the folks trying to stop the theft of five congressional seats," O'Rourke told KVUE. "Let's stop these thugs before they steal our country."
Targeted Democratic lawmakers also waxed defiant, backed by officials in the states to which they fled including Illinois, where Gov. JB Pritzer asserted that "there literally is no federal law applicable to this situation."
Texas state Rep. James Talarico (D-50) said on social media that "Ken Paxton just filed a lawsuit to remove me from office. But this seat doesn't belong to him or me—it belongs to the people."
Advocacy groups also denounced Paxton's lawsuit, with Brett Edkins, managing director of policy and political affairs at Stand Up America, contending that the attorney general and Texas Republicans "are so desperate to pass their partisan redistricting scheme that they're launching a baseless legal assault to unseat democratically elected lawmakers."
"It's just the latest threat against lawmakers who refuse to carry out Trump's demands and rig congressional maps to bank five new Republican congressional districts," Edkins added. "The courts shouldn't entertain this undemocratic attack for even one second."
'The Clown Show Continues': Billy Long Out at IRS, But Probe to Persist
Senate Finance Committee Ranking Member Ron Wyden said that "my investigators have obtained alarming information pertaining to Long's conduct at the IRS that we have begun to investigate."
Aug 08, 2025
Less than two months after U.S. Senate Republicans confirmed Billy Long as head of the Internal Revenue Service, the scandal-plagued commissioner confirmed on Friday that he is leaving the IRS to serve as President Donald Trump's ambassador to Iceland.
U.S. Senate Finance Committee Ranking Member Ron Wyden (D-Ore.)—who opposed Long's IRS nomination with the rest of the chamber's Democrats—pledged in a Friday statement that a probe of the outgoing commissioner will continue.
"From the minute Trump announced Billy Long as his IRS pick it was obvious this would end badly, but every Senate Republican voted to confirm his nomination anyway," said Wyden. "He didn't even last two months on the job. Let's not forget that there wasn't a vacancy at the time Trump announced Long's nomination. Danny Werfel, a skilled leader with fans among Democrats and Republicans, had years left on his term."
The senator pointed out that "in just a handful of months, Trump and his crew have already gutted taxpayer service, weaponized IRS data against innocent taxpayers, and set us up for disaster when next year's filing season comes around. This is what Trump does—pick incompetent, unserious people for serious jobs, and sit back as the damage piles up."
"Billy Long left Congress a few years ago and went straight into the tax fraud industry, his only real experience in tax before his nomination," he added. "My investigators have obtained alarming information pertaining to Long's conduct at the IRS that we have begun to investigate, and that process will continue regardless of whether Trump stashes Long away in some foreign embassy."
The ouster was initially reported by The New York Times, which noted that "Treasury Secretary Scott Bessent will serve as acting commissioner until a permanent replacement takes office," according to a senior Trump administration official.
Long then confirmed the development on his personal social media account, saying that "it is a honor to serve my friend President Trump and I am excited to take on my new role as the ambassador to Iceland. I am thrilled to answer his call to service and deeply committed to advancing his bold agenda. Exciting times ahead!"
He later added a joke about Immigration and Customs Enforcement: "I saw where former Superman actor Dean Cain says he's joining ICE so I got all fired up and thought I'd do the same. So I called Donald Trump last night and told him I wanted to join ICE and I guess he thought I said Iceland? Oh well."
A spokesperson for Bessent's department, which includes the IRS, said in a statement: "Treasury thanks Commissioner Long for his commitment to public service and the American people. His zeal and enthusiasm to bring a fresh perspective to the federal government was evident in both the House of Representatives and as part of the Trump administration. A new candidate for commissioner will be announced at the appropriate time."
Long previously represented Missouri in the U.S. House, where Ways and Means Committee Ranking Member Richard Neal (D-Mass.) responded to the IRS commissioner's exit with a statement blasting Trump.
"We don't even need more details on Trump's latest scuttle to know how damaging his presidency has been for the IRS," Neal said. "With nearly a new commissioner each month and weakened customer service from his mass firings, the rampant instability comes at the expense of all who rely on it. One thing is for sure: Secretary Bessent should focus on his own job before collecting more responsibility."
Several critics, including Neal, highlighted that Long was preceded by several IRS leaders this year. As retired Adm. Mike Franken, a former Democratic U.S. Senate candidate from Iowa, put it on social media: "IRS Commissioner Billy Long is removed, the sixth change this year, by the guy who only hires 'the very best people.' The clown show continues."
Long's firing prompted widespread speculation that he was leaving the IRS because he refused to comply with an order from the president. Journalist Josh Marshall wondered, "How bad did the ask have to be for a Trumpy sleazebag like Billy Long to say no?"
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