US (STOP THE MONEY PIPELINE) : Tell COSTCO and LL BEAN to breakup with toxic fossil banks! 💔

 

Some of America’s biggest banks are still pouring tens of billions of dollars into fossil fuel expansion - and they’re doing it while claiming to support climate action. Tell companies like Costco, L.L.Bean, REI, Alaska Airlines, and Susan G. Komen Foundation: Get a better, greener credit card partner. Out of the 20 largest credit card issuers in the U.S., 12 major banks are funneling billions into the fossil fuel industry – including JPMorgan Chase, Citibank, Bank of America, Wells Fargo, Barclays, TD Bank, Truist Financial, PNC Financial Services, U.S. Bancorp, Fifth Third Bank, Capital One, and UMB Bank. And one of their most profitable businesses? Co-branded credit cards - and they care deeply about those partnerships. For example, Costco has 13 million credit cards issued by Citibank. That’s roughly 15.8% of Citibank’s entire credit card portfolio. That gives companies like Costco real leverage. If major retailers, like Costco, demand climate-aligned banking partners–or take their business elsewhere–banks will feel it. But the only way that these retailers will take action is if you and your community members put pressure on these companies to change. Take action with us today: Email Costco, L.L.Bean, and other partners of these toxic fossil banks. Tell them to align their credit card partnerships with their values. And now we know, there are better credit card options for large companies (read the report here). Out of the 20 largest credit card issuers in the United States, eight credit card companies have not provided any large-scale fossil fuel lending or underwriting. It’s simple: companies who care about the climate and protecting frontline communities should not be partnering with banks that are funding community and climate destruction. Tell retailers like Costco, L.L.Bean, and more that it’s time to clean up their act: Your credit card shouldn’t fund pollution and climate chaos. Together, let’s fight for a clean and livable future and an end to fossil fuel expansion. In Solidarity, - Sarah, Stop the Money Pipeline P.S. If you haven’t already, register for our update call TODAY - Thursday, February 26th to learn more about the report and more ways you can help stop fossil fuel expansion.