US (STOP THE MONEY PIPELINE) : Demand BANKS STOP FUNDING PETROCHEMICAL EXPANSION ; TAKE ACTION!

 

Last week, our friends with the Center for International Environmental Law (CIEL), Break Free From Plastic US (BFFP), Friends of the Earth US (FOE), the Gulf South Fossil Finance Hub, Texas Campaign for the Environment (TCE), and the People Over Petro Coalition (POPCO) launched Toxic Finance: The Banks and Investors Funding the Expansion of Petrochemicals in the US. This groundbreaking report identifies the banks and investors financing the companies behind the 42 largest proposed petrochemical expansions in the US. The petrochemical life cycle is extremely carbon-intensive, from fossil fuel extraction to the enormous heat and energy required for manufacturing. Take Action: Demand that the top banks and investors who are funding the petrochemical expansion end all financing for and divest from petrochemicals. Here are some of the report’s key findings: Banks poured $133 billion into the US petrochemical industry from January 2019 through June 2025 Four banks — Citi, Bank of America, JPMorgan Chase, and Mizuho — account for nearly one-third of that financing. Institutional investors have more than $1.6 trillion invested in the companies leading the US petrochemical expansion, as of September 2025. Just five investors control nearly one-third of that investment: Vanguard, BlackRock, State Street, Capital Group, and Berkshire Hathaway. This wave of petrochemical expansion poses a serious risk – and banks like Citi are fueling the crisis: Citi’s billions are underwriting the next wave of petrochemical pollution – locking in harm to communities from Texas and Louisiana to Appalachia. Sign the petition: call on the top banks and investors to stop financing the petrochemical expansion. This toxic buildout is only possible because of the billions of dollars in loans, bonds, and investments provided by the financial sector. Banks, investors, governments, and regulators hold the power and the responsibility to stop petrochemical expansion and prevent its harms. Across the U.S., fenceline communities are organizing to fight back and hold financial institutions accountable for their role in this preventable crisis. We believe that healthy investment in our communities is possible. You can join this movement: Sign here and demand that the financiers backing U.S. petrochemical expansion stop exacerbating this catastrophic crisis. In Solidarity, - the Stop the Money Pipeline team.