Wells Fargo Bank, one of America's largest banks and partner to many overseas banks and
corporations, is a top financier of destructive oil, coal, logging, and mining operations that contribute to global warming, ecosystem destruction, and human rights abuses.
The corrupt power of their finances funds organizations that have worked to rollback forest, endangered species and clean water protections devastating eco-systems and communities from Alaska to Appalachia.
Other US banks, like Citigroup, JP Morgan Chase and Goldman Sachs, have taken a more responsible approach. Yet, Wells Fargo still does not have a comprehensive environmental and social policy.
It's time Wells Fargo Bank took responsibility for the destructive impact of its investments and charted a new course toward justice and sustainability. Sign this petition telling Wells Fargo Bank to get their act together!
Dear Richard Kovacevich,
Why is Wells Fargo continuing to support environmentally and socially destructive projects from Alaska to Appalachia?
In Alaska, Wells Fargo supports logging in the Tongass National Forest by funding anti-environmental groups such as the Pacific Legal Foundation and the Resource Development Council of Alaska. These organizations have worked to rollback forest, endangered species and clean water protections, creating an atmosphere ripe for destruction of old-growth forests on our public lands.
In America's west, oil and gas companies financed by Wells Fargo's $4 billion energy portfolio are drilling in desert and mountain landscapes, causing destruction and pollution.
In Appalachia, Wells Fargo finances coal companies using mountaintop removal, a brutal strip mining process that is literally exploding the tops off of mountains across West Virginia, Kentucky and other states in the region, while polluting waterways and destroying forests and local communities.
Other US banks, like Citigroup, JP Morgan Chase and Goldman Sachs, have taken a more responsible approach and developed social and environmental policies with safeguards to prevent financing of destructive projects in sensitive ecosystems, while Wells Fargo remains committed to a world of irresponsible and exploitative lending practices.
Mr. Kovacevich, please take responsibility for the environmental and social impacts of Wells Fargo's financing. Work with Rainforest Action Network to develop 21st century policies that can put Wells Fargo on track to protect biodiversity, slow climate change and respect the rights of Indigenous Peoples and impacted local communities.
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