Along with all of you, I have been horrified to witness ICE murder American citizens and terrorize immigrant communities. I, along with millions of others, have been out on the streets protesting and resisting ICE’s violence and the rise of authoritarianism. At the same time, in lockstep with fighting authoritarianism, we need to maintain our focus on ending the power of the fossil fuel industry, not only for the role Big Oil plays in enabling authoritarianism, but because our communities and planet are being poisoned and destroyed by fossil fuel pollution and fossil fuel-induced global warming every day.
That’s why our movement has continued to work hard to advance the Costco: Clean Up Your Credit Card campaign to move business and money away from fossil fuel-funding banks, like Citibank. Since 2023, Costco members, shareholders, and the public have been demanding that Costco dump dirty Citi as a credit card partner and take its business elsewhere. But we ran into a roadblock when Costco asked us, If not Citi, then what?
Now, we finally have an answer: There are better options.
The Better Options report is going to change the game for the fight to end fossil fuel funding: Large retailers, like Costco and L.L.Bean, can now see there are credit card options that can both issue millions of credit cards and have not provided billions of dollars to the fossil fuel industry.
If Costco and other retailers select credit card partners that are not funding fossil fuels, this will send a huge signal to the dirty banks to clean up their act. Our research reveals that, in total, Citigroup issues 82 million credit cards, and approximately 13 million of them are through its co-branded credit card partnership with Costco.
But in order to get large companies like Costco to select a better credit card partner, you and your friends, family, and fellow Costco members need to make your voices heard.
The Better Options report reveals that there are better and worse options when it comes to the climate for large companies and nonprofits looking for a financial institution to issue their credit cards.
Out of the 20 largest credit card issuers in the United States, there are eight financial institutions that have not provided large-scale financing to the fossil fuel industry. The remaining twelve financial institutions have provided billions to the fossil fuel industry since 2021.
Costco, L.L.Bean, Alaska Airlines, Disney, Amazon, Expedia and more ― all have credit card partnerships with dirty banks, like Citibank, JPMorgan Chase, Bank of America, and Wells Fargo, which have each funneled billions to the fossil fuel industry. But now, we can change that.
Over the next few weeks, we will be sending you updates about ways you can put pressure on companies, like Costco, that have credit card partnerships with the dirty banks.
Stay tuned for more ways to take action both online and in-person, and for now ― register for the call.
In Solidarity,
- Sarah Lasoff, Stop the Money Pipeline.
.png)
100 produits sains à prix coûtant : c’est maintenant !
Ajouter mon nom
