Frontline and indigenous land defenders and community members who are directly impacted by the extraction and destruction funded by JP Morgan Chase delivered their demands for the bank to completely stop financing fossil fuels on Weds Nov 10th, 2021 at the JP Morgan Chase Glasgow Headquarters.
Speakers on Chase’s funding of climate destruction in their communities included:
-Great Grandmother Mary Lyons, speaking about Line 3 in Anishnaabe lands in Minnesota, US
-A representative of the Wet’suwet’en nation in Canada, speaking about the Coastal Gaslink pipeline
-Maricela Gualinga, Vice President of the Kichwa Sarayaku Peoples of the Ecuadorian Amazon, speaking about the Sarayaku peoples resistance to oil companies, backed by the Ecuadorian government, encroaching on their territories
-Nemo Andy Guíquita, Director of Women and Health for the Confederation of Indigenous Nationalities of the Ecuadorian Amazon (CONFENIAE), speaking about oil drilling in Yasuní National Park in the Ecuadorian Amazon, a UNESCO biosphere reserve
-Miguel Escoto from Earthworks about the impacts of Chase’s funding in the US/Mexico border region and their support of the oil bomb in the Permian Basin in West Texas.
Last month, JPMorgan Chase joined the Net-Zero Banking alliance, a component of the Glasgow Financial Alliance for Net Zero (GFANZ). As part of its “net zero” commitments, JPMorgan Chase has pledged to reduce operational carbon intensity by 35% by 2030, and to reduce end-use carbon intensity by 15%. Yet it continues to pour billions of dollars into fossil fuel projects that are directly impacting Indigenous territories across the world, from the Wet’suwet’en peoples in North America to the Sarayaku and Waorani peoples in the South American Amazon.
The JP Morgan Chase Glasgow headquarters have been under 24/7 watch from police since the beginning of COP.