The Line 3 pipeline is a disaster for the fight against climate change. This week JPMorgan Chase has a $625 million loan to Enbridge that is due to expire. Now is the perfect time for Chase to walk away from this nefarious company.
Can you call JPMorgan Chase today and ask them to do the right thing, and stop funding Enbridge? Here are the numbers for you to call:
- Jamie Dimon, CEO: 212-270-1111
- Matthew Arnold, Head of Sustainable Finance: 212-270-5052
- Marie Goldberg. Assistant to Head of Sustainable Finance : 212-270-5097
And here’s a simple script you can use:
“Hello, I’m (name) from (city, state, or country) and I’m calling to urge JPMorgan Chase to stop profiting from climate change and to act responsibly. JPMorgan Chase is the top US funder of extreme fossil fuels and tar sands pipelines, including the Line 3 pipeline. This week, JPMorgan Chase has a choice whether or not to renew a $625 million loan to Enbridge, the company behind the Line 3 pipeline. I urge JPMorgan Chase to get on the right side of history by ending financing for Line 3 and Enbridge, and defunding tar sands projects.”
After you have made your call can you fill out this short form to let us know how it went?
- Enbridge’s Line 3 would result in an additional 370,000 barrels of tar sands oil being extracted and burned every day
- This would have the same climate impact as an additional 18 million cars on the road, according to internationally known climate scientist, John Abraham
- Canadian tar sands are the dirtiest form of fossil fuel — the EPA estimated that tar sands are 82% more carbon-intensive than conventional crude oil — this means we simply can’t afford to continue increasing tar sands production by building huge new pipelines
- JPMorgan Chase is the largest financier of Canadian tar sands on Wall Street
- Europe’s two largest banks, HSBC and BNP Paribas, have recently announced that they will stop funding Canadian tar sands
- The Canadian tar sands industry results in the deforestation of millions of acres of pristine forest, the contamination of millions of gallons of fresh drinking water, and the widespread abuse of Indigenous communities rights to Free, Prior and Informed Consent.
- All five of the impacted tribes in Minnesota are strongly opposed to the Line 3 pipeline. Chase should not be funding a pipeline that abuses the rights of Indigenous peoples.
- Be polite.
- Introduce yourself — and let them know if you are a Chase customer!
- If you are a Chase customer and you would consider closing your account as a result of Chase’s support of tar sands and extreme fossil fuels, let them know this!
- Ask questions
- What is Chase’s position on tar sands?
- What is Chase’s position on global warming?
- Remember: the more of their time you can take up, the more time Chase is being forced to deal with Canadian tar sands — try and keep them on the phone for as long as you can!