Your Money Goes to Your Bank to Fund Global Warming, So You Could Actually Change Banks

It’s remarkably easy to do.

Over at Yale Climate Connections, Pearl Marvell reflected on the connection among banks, customers, and environment. You pay your bank for your mortgage, for example, or the interest on your credit card, or you deposit your paycheck and use the bank’s debit card to buy groceries and gasoline. The bank uses your money to finance loans and investments, including fossil fuel investments. According to the Sierra Club report Banking on Climate Chaos, the world’s 60 biggest banks, including Bank of America, JPMorgan Chase, and Wells Fargo, conveyed $150 billion in 2022 into the top 100 companies expanding fossil fuels, including TC Energy, TotalEnergies, Venture Global, ConocoPhillips, and Saudi Aramco. And since the 2015 Paris climate accord, those 60 banks invested $5.5 trillion of our money in fossil fuels.

Not wanting to participate in further fossil fuel funding, Ms. Marvell wrote about her…