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Your Signature is Needed: Tell Wall Street to STOP financing factory farming

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foe.org

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foe@foe.org

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Sat, Apr 6, 2024 02:43 PM

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URGENT ACTION NEEDED: Tell Wall Street to STOP funding factory farming! >> Picture this: thousands o

URGENT ACTION NEEDED: Tell Wall Street to STOP funding factory farming! >> [Act now!]( Picture this: thousands of cows stuffed together in cramped, filthy feedlots belching methane, which will continue to warm the atmosphere even after these poor creatures are slaughtered. The production of feed for these animals releases huge amounts of greenhouse gas emissions, too. Factory farming has a MASSIVE impact on our climate. Greenhouse gas emissions from livestock contribute up to 20% of total global emissions. Meanwhile, people around the world are experiencing worsening and more frequent climate disasters, including droughts, floods, and deadly storms. This summer, millions of Americans couldn’t even go outside without breathing in toxic wildfire smoke. A new Friends of the Earth report details how Wall Street banks like Citigroup, Bank of America, and JPMorgan Chase bankrolled the expansion of industrial livestock production to the tune of $134+ BILLION dollars between 2016-2023, despite their public commitments to reduce the climate emissions tied to their lending activities. Your signature can help DEFUND factory farming. RIGHT NOW, while this report is fresh, is a key moment to pressure Wall Street. [Please, Friend, tell Wall Street to stop sending billions to corporations involved in industrial livestock production by 11:59pm TONIGHT!]( *Your Signature is Missing* [SIGN THE PETITION]( The financing of top meat, dairy, and feed corporations by U.S. banks contributes to greenhouse gas emissions equal to driving ~14 million cars for a year – the total number registered in all of California! This support directly undermines many of these banks’ stated climate goals – but it also presents an opportunity for banks to reduce emissions from their financing. Citigroup, Bank of America, and JPMorgan Chase’s loans to meat, dairy, animal feed, food processing, and agri-commodity corporations represent a minuscule amount of their portfolios but roughly 11% of their financed emissions. Eliminating financing for these corporations is a clear action banks can take toward reaching their climate commitments. But so far, they haven’t acted! Here's the bottom line, Friend: factory farming is an outsized, yet often-overlooked contributor to the climate crisis. Eliminating financing for corporations involved in industrial livestock production represents a huge opportunity for banks to make climate strides without impacting large parts of their portfolios. Your message can help them understand that, but we need your help right now! [Will you help us hit our goal of 701 more messages from your area and stand up to Wall Street-funding of factory farming?]( [SIGN THE PETITION]( Standing with you, Chelsea Matthews Senior Campaigner, Climate and Agriculture Finance Friends of the Earth Contact Us: Friends of the Earth U.S. Washington, D.C. | Berkeley, CA 1-877-843-8687 [Contact us](foe.org/about-us/contact/) Email Preferences: [Click here to unsubscribe]( Learn more: www.foe.org/news www.foe.org/about-us www.foeaction.org Connect: [Facebook]( [Twitter]( [Flickr]( © 2017, Friends of the Earth. All Rights Reserved. [supporter]

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