ANTONIO,
Where do your bank deposits go? Into your Chase Total Checking® account, until maybe you’re craving that vegan burrito or your favorite dessert.
So where else is your money going, when you’re not the one spending it? Unfortunately, you’re not going to like the answer: Destroying things.
That’s because big banks like Chase and MUFG use your dollars to profit from climate change by funding fossil fuels. But it’s worse than that: They use your dollars to attack our best line of climate defense, too: forests.
When Chase and MUFG fund companies connected to deforestation — to the tune of $7 billion over the last several years — they take away our best carbon-capture technology. Tropical forests mop up about one-third of all carbon emissions and keep the earth over 1° celsius cooler.
It’s simple really: Carbon pollution is a problem, and forests are a solution. And that means banks like Chase and MUFG are deepening our collective crisis on two fronts: Financing projects that spew carbon into the atmosphere, and tearing down the vibrant forests that protect us from the very carbon they’re releasing.
The good news, is that you recently helped us secure No Deforestation, No Peat, and No Exploitation (NDPE) commitments from Chase and MUFG. A huge victory, but those commitments contain loopholes that continue to promote deforestation.
The time has long passed to end the war on our planet. It’s time to call our dollars — and our power — back home.
In solidarity,
Tom Picken
Forests and Finance Campaign Director
Rainforest Action Network
At RAN, we take the “Network” in our name seriously. It is only through your support that we are able to fund major campaigns for the forests, their inhabitants and the natural systems that sustain life. Please consider joining RAN as a Member by making a gift today.
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