Stop Oil Funding

Dear JPMorganChase CEO Jamie Dimon

JPMorganChase, as one of the largest global banks, is in an influential position to help with global sustainability goals to reduce the impacts of dangerous fossil-fueled climate change. Sadly, the bank has instead been reckless, providing hundreds of billions of dollars in financing to the fossil fuel industry since the adoption of the Paris Agreement in 2015, including billions of dollars for fossil fuel expansion.

Per research conducted by the Union of Concerned Scientists, climate change will increasingly adversely affect public health, livelihoods, and critical infrastructure in the United States and around the world. Climate change poses a systemic risk to our economy. By funding more Big Oil expansion projects, JPMorganChase is enabling a long future of climate destruction. In the meantime, renewable energy infrastructure and the modernization of electrical grid projects move slower or grind to a halt due to lack of support.

Your company has communicated to its shareholders that it has set strong sustainability commitments. However, those goals are overshadowed by the bank’s continued financing of the fossil fuel industry. As found in the 2025 “Banking on Climate Chaos” report, JPMorganChase is the largest financier of fossil fuel expansion.
Time is running out. We urge you to rethink your current Big Oil projects and build and enforce an enduring policy to stop financing fossil fuel companies’ expansion.