Divesting FROM BANKS, Bank Accounts, Credit Cards, Asset Managers, phone providers etc



Large Fossil Funding Banks include:
JP Morgan Chase (in 2020 did $51.3 billion fossil fuel funding)
Citi (in 2020 did $48.4 billion FF funding)
Bank of America (in 2020 $42.1 billion FF funding)
​Liberty Mutual

Fidelity is a large asset manager

                                              Divestment Demands of Banks
End financing for Fossil Fuels;

• end financial services for any project or company engaged in expanding extraction, production or transportation of Fossil Fuels

End financial services involved in Deforestation:

• no investment in any company involved in natural land conversion
• no investment in peatland destruction across supply chains

End public monies for corporations engaged in FF and Deforestation
Invest in Black, Brown and Indigenous communities, promoting a just transition for workers in the FF sector
Hold all firms accoutnable to respect Tribal nations treaties and sovereignty rights.
Pass strong climate legislation for Regenerative Agriculture and elimination of CAFO monopolies
Declare a climate emergency on NYS and National level

Socially Conscious Banks, Credit Cards Companies and Investments:

Aspiration Bank- uses your money to plant trees, offset carbon emissions and donate to charities.
Amalgamated bank-especially supports nonprofits led by people of color
Ando Money
Atmos Financial
Banke Purely
Beneficial State Bank
City First Bank
Clean Energy Credit Union
Climate First Bank
First Green Bank
Mascoma Bank 
Quontic Bank
Southern Bancorp
Spring Bank 
​Sunrise Bank

A separate source lists current ethical accounts in 2022 as:
Triodos Bank
Nationwide
Cumberland Building Society
Engage
Starling Bank
Reliance Bank

Socially Responsible Credit Cards:
Green America Rewards Platinum Visa
Amazon Watch Rewards Platinum Visa
Amalgamated Bank Maximum Rewards Mastercard

​Sustainable Investment and Retirement Funds
you can try Fossil Free Fund as a search platform that allows you to find out whether your money is being used for fossil fuel extraction and consumption. They thoroughly analyze the climate impact of US mutual funds and ETF's and show you which companies are investing your money in fossil fuels.

Aspiration Redwood Fund ensures invest will be fossil free, socially responsible and only invest in sustainable businesses.

BankBlackUSA offers a list of Black owned banks

Credit Unions
do not invest your money and provide low interest CD's and savings accounts
are not for profit, they are not banks
youre a member, not a customer, part of the original sharing economy idea
​they are local, committed to financial education

                                                                              UPDATES/NEWS:

• read about universities and some corporations who are divesting
• research phone providers who invest in Fossil Fuels

Nation’s Largest Higher Education Union Pushes TIAA to Divest from Fossil Fuels and Deforestation
The largest higher education union in the U.S., the United University Professions (UUP), passed a resolution on January 23rd pressing TIAA to divest from fossil fuels and deforestation-risk investments, which worsen climate change.

Divest from Fossil Fuels.  www.gelf.org
On December 9, 2020, the NYS Comptroller, after an eight-year campaign by 350NYC and DivestNY,  agreed to divest the $230 billion state pension fund from the riskiest fossil fuels and to decarbonize the entire fund by 2040. NYC officials had made a similar announcement three years previously. (See media coverage.)
100 state legislators had signed on as co-sponsors to the divestment legislation before DiNapoli made his announcement. The failure to divest over the last decade had cost the state more than $22 billion in lost value has fossil fuels have been the worst performing sector on Wall Street. The fund had held over $12 billion in fossil fuels, including more than $1 billion invested in ExxonMobil alone. DivestNY had pointed out that it was morally wrong for the state to seek to profit from the burning fossil fuels which threatens the future of life on the planet.
DivestNY Teachers is focusing on the New York State Teachers’ Retirement System (NYSTRS), which has an estimated $4.5 billion invested in climate destroying fossil fuels with over $500,000,000 invested in Exxon Mobil alone.
Stop the Money Pipeline is a similar campaign to stop the financial sector (banks, insurance companies, assets managers) from funding, insuring and investing in the climate crisis. For instance, JP Morgan Chase is the world’s top banker of fossil fuels, providing $196 billion in funding to fossil fuel companies since 2016.