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BANKING ON OUR FUTURE!

Four big banks–Bank of America, Chase, Citibank, and Wells Fargo–are helping finance the climate crisis by supporting new oil, gas and coal projects. But these banks rely on their credit card and banking customers like you to stay in business. By signing the Banking on our Future pledge, you’re urging these banks to stop funding climate chaos, otherwise you will stop banking with them. If you have a credit card with one of these banks, you will cut it up. If you don’t bank there now, you pledge you won’t do so in the future.

Why this action is so important: In 2021, the International Energy Agency stated that in order to meet the Paris climate targets there can be no new investments in oil, gas, or coal, starting immediately. Yet since the climate accords were signed, Chase, Citi, Wells Fargo and Bank of America have loaned the fossil fuel industry a trillion dollars with no plans to stop. We, as their customers, have the ability to convince them to do the right thing for all our our futures.

Once you’ve signed the pledge, here are two next steps you can take to amplify the impact of this action:

First, If you do have a credit card with Chase, Citicard, Bank of America, or Wells Fargo, apply for a new credit card with a better bank now. Once you have a new card, you’ll be able to switch cards and cancel your card with these climate outlaw banks. To find a good option, use Green America’s list of credit cards issued from banks that don’t lend to fossil fuel companies. Both Beneficial State Bank and Amalgamated Bank offer climate-friendly credit cards with no annual fee.

If you’d like to do more, please share the Banking on our Future pledge with your network! Third Act has a Banking on our Future Page with all the resources you need to learn about the action and share with others.

Additional Resources:

To learn more about this action, watch a 3-minute video from THIRD ACT: Banking on Our Future

An overview of the connection between financial institutions and the climate crisis, from the New Yorker

Bank.green, a tool allowing you to check your bank’s fossil fuel financing record.

Green America’s List of fossil fuel-free credit cards.