Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

For Immediate Release


Lindsay Meiman
+1 (347) 460-9082

Press Release

350.Org on Former Exxon CEO Lee Raymond Quitting Jpmorgan Board

"A sign of the changing winds of financial institutions taking climate action seriously."

Putting a feather in the cap of fossil fuel’s downfall in 2020, JPMorgan Chase & Co announced today that former ExxonMobil CEO Lee Raymond is quitting its board of directors after over three decades in the post. During his tenure as Exxon CEO, Raymond spearheaded the corporation’s efforts to bury climate science and sow doubt and deception about fossil fuels causing climate disasters.

On this news, Richard Brooks, Senior Campaign Strategist, said:

“Climate denier mastermind and former Exxon CEO Lee Raymond fleeing the JPMorgan Chase Board is a sign of the changing winds of financial institutions taking climate action seriously. Make no mistake, Raymond quitting is a direct result of pressure from shareholder champions like New York City Comptroller Scott Stringer and climate activists with the Stop The Money Pipeline coalition. While JPMorgan Chase remains the world's largest fossil fuel financier, with Raymond no longer holding them back, Chase must overhaul its coal, oil and gas funding.”

This comes just over a week after the $226 billion New York State Common Retirement Fund shook the financial world by announcing its decision to divest from risky fossil fuel companies and 2025 and decarbonize by 2040.


350 is building a future that's just, prosperous, equitable and safe from the effects of the climate crisis. We're an international movement of ordinary people working to end the age of fossil fuels and build a world of community-led renewable energy for all.

Critics Warn Biden 'Summit for Democracy' Will Highlight Democrats' Failures at Home

"President Biden can't champion democracy across the globe without fulfilling his promise to protect our voting rights at home."

Jessica Corbett ·

'Like a Teenager Promising to Clean Their Room in 30 Years': Biden Net-Zero Climate Goal for 2050 Ridiculed

"2050 is an extremely weak goal for the federal government to free itself from climate-heating pollution. It ignores existing technology and adds decades to GSA's own commitment to 100% renewable energy by 2025."

Brett Wilkins ·

Biden Should Cancel Student Debt or Watch $85 Billion Evaporate From US Economy: Analysis

Far-reaching cancellation enacted by Biden could add more than $173 billion to the nation's GDP in 2022 alone.

Kenny Stancil ·

Given Cover by Red-Baiting GOP, Corporate Dems Rebuked for Tanking Biden Nominee for Top Bank Regulator

"If you think that Senate Democrats rose up to [Republicans'] shameful display of modern McCarthyism by rallying around President Biden's nominee or her ideas that banking should work for the middle class, then you don't know the soul of today's Democratic Party," wrote one columnist.

Julia Conley ·

'S.O.S.!': Groups in Red States Nationwide Plead With Democrats to Pass Voting Rights Bill

"We can tell you firsthand that our Republican senators have no interest in joining this effort."

Jake Johnson ·

Support our work.

We are independent, non-profit, advertising-free and 100% reader supported.

Subscribe to our newsletter.

Quality journalism. Progressive values.
Direct to your inbox.

Subscribe to our Newsletter.

Common Dreams, Inc. Founded 1997. Registered 501(c3) Non-Profit | Privacy Policy
Common Dreams Logo