Indigenous Campaigners Demand JPMorgan End Fossil Fuel Finance
Glasgow, Scotland — Indigenous activists on Wednesday staged a protest outside JPMorgan Chase headquarters in central Glasgow as pressure on banks to halt oil and gas extraction grows.
A crowd of over a hundred chanted “enough is enough” and “shame on you” outside the American multinational bank’s office building, just over a mile from where crucial talks at the COP26 climate conference are currently taking place.
JPMorgan Chase is the world’s biggest financier of fossil fuels, according to environmental organisations. In 2020 the bank pledged to end fossil fuel loans for Arctic oil drilling and phase out loans for coal mining. However, a recent report shows the bank provided £230 billion in support for fossil fuels between 2016-2020.