Why Move Your Money?

To avert climate catastrophe, we need to:

• Stop funding the fossil fuel industry.

• Keep fossil fuels in the ground.

• End bank support for fossil fuel exploration and infrastructure.

Banks make fossil fuel exploration and infrastructure construction possible by providing billions in funding.

The Dakota Access Pipeline, which led to the Standing Rock resistance, got the bulk of its funding from 17 banks.

In Oregon, the proposed massive Coastal GasLink Pipeline project, with a terminal at Jordan Cove converting Canadian tar sands oil to LNG headed for Asia, has only one US bank funding it: JPMorgan Chase.

Frontline communities, hard hit by fossil fuel extraction, support divestment.

For example, Mazaska Talks, an indigenous-led group, organized Divest the Globe to boycott banks funding new tar sands projects. As of late 2018, organizations representing over ten million supporters had committed to the boycott.

Divestment from fossil fuels is part of the climate movement effort to:

• create a sustainable economy that embraces social justice.
• expose the moral and financial bankruptcy of investment in fossil fuels.
• highlight how governmental subsidies contribute to the enormous profits of the fossil fuel industry.

Fossil fuels are not a wise investment for individuals—like you!

The fossil fuel industry is at risk, and so are individual and bank investments in it.

As fossil fuel consumption is reduced in response to the rise of green energy and pressure from the climate movement, oil industry valuation of its assets–many of which are “stranded” because extraction is no longer commercially viable–is being increasingly questioned by shareholders and regulatory agencies.

Divestment is working!

You can instead invest in the future you want to see evolve.

Incentives for banks to stop funding the fossil fuel industry:

• PR/customer pressure BY YOU
• Moral pressure/climate reality
• Financial reality/pressure by shareholders and regulatory agencies
• Loss of governmental subsidies