Stop the Money Pipeline
Banks, insurance companies, and asset managers are funding, insuring and investing in the climate crisis. Stopping this money pipeline is one of the most important ways we can address the climate emergency.
You can change your bank, your credit card, and your investments!
Since the 2015 Paris Accords were signed, Wells Fargo has invested $197.9 billion of your money into failing fracking, arctic drilling, tar sands and other fossil fuel projects. Bank of American has used $156.9 billion of your cash.
Change Banks, Change Investments, Change the World
You can help keep fossil fuels in the ground and speed the transition to a clean energy economy, by moving your money out of polluting megabanks and unhealthy investments. Take a look at your banking (checking and savings, credit cards, loans) and your investments. Once you know what you own, the choice is yours. Moving your money is a powerful act that helps signal the end of fossil fuels.
For personal banking, our Bank Exit program helps you move your checking, savings, and credit cards out of banks that finance fossil fuels and related infrastructure (pipelines, oil trains). See the “Change Banks” page for more information.
And if you want to get fossil fuel investments out of your portfolio, you’re far from alone. Tens of thousands of people and institutions have pledged or have already divested over $50 Trillion.
Want to know how clean your Mutual Funds are? Or want to see if the funds you are thinking of buying own oil, gas or fossil fuel stocks? Check out: Fossil Free Funds.
The non-profit that runs Fossil Free Funds, As You Sow, also advocates for several issues with companies and publishes reports on how well shareholder advocacy is progressing.
Are your retirement funds in TIAA-CREF? You might want to look into TIAA-divest.org.
Need help with your investments? Consider a brokerage that specializes in divesting from oil and gas and investing in a clean energy future. We cannot endorse any brokerages, but here is an example to start researching: The Carbon Collective.
Green Century Funds’ Guide to Fossil Free Investing.
350.org’s Move Your Money page.
Call to Action: Stop the Money Pipeline
- Write them a letter
- Post to Social Media
- On Yelp or other Bank review sites, tell people you don’t want your money financing Climate Catastrophe
Put Your Money to Work or Borrow for Clean Energy Projects
Clean Energy Credit Union is a first-of-its-kind financial institution, a not-for-profit, tax-exempt cooperative that only gives loans for clean energy projects like solar electric systems, geothermal heat pump systems, electric cars and bikes, and green home improvements. Their CD rates are competitive too. To be eligible must be a member or join one of several green organizations for a nominal fee.
Local New Mexico Credit Unions:
| Sandia Laboratory Federal Credit Union
Albuquerque, NM |
Del Norte Credit Union
Santa Fe, NM |
Animas Credit Union
Farmington, NM |
| Nusenda Credit Union
Albuquerque, NM |
State Employees Credit Union
Santa Fe, NM
|
Artesia Credit Union
Artesia, NM Assets: $113.08 Million |
| US Eagle Federal Credit Union
Albuquerque, NM |
Guadalupe Credit Union
Santa Fe, NM
|
Estacado Federal Credit Union
Hobbs, NM |
| Kirtland Federal Credit Union
Albuquerque, NM |
White Sands Federal Credit Union
Las Cruces, NM |
Cannon Federal Credit Union
Clovis, NM |
| Sandia Area Federal Credit Union
Albuquerque, NM |
Zia Credit Union
Los Alamos, NM |
Eddy Federal Credit Union
Carlsbad, NM |
| First Financial Credit Union
Albuquerque, NM |
Otero Federal Credit Union
Alamogordo, NM |
Roswell Community Federal Credit Union
Roswell, NM |
| Rio Grande Credit Union
Albuquerque, NM |
White Sands Federal Credit Union
Las Cruces, NM |
Belen Railway Employees Credit Union
Belen, NM |
Additional Resources:
Stop the Money Pipeline We demand that banks, asset managers and insurance companies
stop funding, insuring and investing in climate destruction.
Fossil Free Banking and Credit Card Options:
| Amalgamated Bank | B Corp, GABV | New York, Washington, D.C. |
| Aspiration* | B Corp | Online only |
| Beneficial State Bank | B Corp, GABV, CDFI | California, Oregon, Washington |
| City First Bank of DC | B Corp, GABV, CDFI | Washington, D.C. |
| First Green Bank | B Corp, GABV | Florida |
| Mascoma Savings Bank | B Corp | New Hampshire, Vermont |
The worst fossil fuel banks for Credit Cards? JP Morgan Chase ($268.5 billion to fossil fuels), Wells Fargo ($197.9 billion), CITI ($187.7 billion), Bank of American ($156.9 billion)