![]() New research from our friends at Stand.earth shows that top US banks, asset managers, and public pensions are financing Immigrations and Customs Enforcement (ICE) by supporting their major contractors. The Trump administration’s policies have wreaked havoc on our communities. ICE and Border Patrol are endangering communities, having already taken the lives of dozens of people in detention centers and on our nation’s streets. ICE policies separate families, expand mass detention, and rely on a sprawling network of private contractors that profit from enforcement and incarceration. Much of this system is outsourced to companies that provide everything from detention centers to surveillance tech, embedding profit motives into immigration enforcement and raising serious human rights and accountability concerns. Banks, asset managers, and public pensions are providing loans, underwriting, and investment that keep this system running. That makes them complicit – and we have to hold them accountable. From Palantir Technologies’s surveillance tools to private prison giants like GEO Group and CoreCivic, corporations are profiting from mass detention and deportation. Defense contractors like General Dynamics, L3Harris Technologies, and CACI International provide infrastructure and services that expand enforcement, while telecom giants like AT&T help enable communications systems tied to these operations. And none of it would be possible at this scale without financing. The same financial institutions backing immigrant detention and surveillance are often the ones financing fossil fuel expansion – fueling the climate crisis that is already displacing millions of people worldwide. Climate change is a growing driver of migration, and yet instead of addressing root causes, this system criminalizes the very people forced to move. By targeting these corporate enablers, we can expose the economic backbone of the system and apply pressure where it’s most effective: on the flow of money that keeps it running. In Solidarity,
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