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Align your money with your values

Third Act Upstate New York offers workshops for individuals and organizations to learn how to prevent their bank deposits, credit cards, insurance premiums, and investments from being used to finance the fossil fuel industry… and instead fund local businesses, community housing, and development of renewable clean energy.  To host a workshop, write to: oxherders@icloud.com

#1 PERSONAL BANKING

If you bank with Chase, Citi, Bank of America, Wells Fargo, TD Bank, U.S. Bank or another mega-bank, some of your money is likely being used to fund ventures causing climate destruction.  Learn how to find regional and local community banks and credit unions that use your deposits to fund local ventures and not fossil fuel projects.  Simply put: Shop Local - Eat Local - Bank Local.

Banking on
Climate Chaos 2024

Comprehensive global analysis on fossil fuel banking, this report reveals the truth of banks’ commitments to the climate by examining their financing of the fossil fuel industry.

Get a Better Bank

A bank can use your money how it wants, which could be aligned with your values, or not. You can put your money to good use simply by doing your banking with a credit union or a local community bank, which can meet all your normal banking needs

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Bank Investments in
Oil & Coal

The research is focused on institutional investors that manage stocks and bonds such as commercial banks, hedge funds, and pension funds. Investments have been aggregated on group level - for example Amalgamated Bank is aggregated with its parent company Amalgamated Financial Corporation.

Resources for
Moving Your Money

Third Act, Stop the Money Pipeline, and Green America have assembled resources to align your money with your values, with step-by-step instructions for changing banks and credit cards.

Mighty Deposits Guide

Find out what your bank or credit union does with your money... this guide analyses public data so you can see what any bank or credit union loans money to. Find banking aligned with your values.

#2 CREDIT CARDS

If you have a credit card with Chase, Citi, Bank of America, U.S. Bank (Elan Financial), or Wells Fargo, the money from transaction fees, annual fees, and interest on debt is feeding into the money pipeline to finance fossil fuel companies.  Learn how to find an alternative credit card.

“When you use a mega-bank’s card, you’re bolstering all the things the bank’s loans support, from clearcutting forests to new coal-fired power plants to predatory loans,” says Fran Teplitz of Green America.  “Community banks and credit unions provide the best opportunity for cardholders to avoid supporting bad practices and to positively impact communities.”

 

However, even if you have switched your bank account to a credit union or community bank, you may still be linked to the Wall Street mega-banks through credit cards.  When you open a credit card account, your fees go to the issuing bank.

 

The good news is that you can have a credit card issued by a credit union or community bank, which will in turn use your fees to support operations you can feel good about.

Or, look for these logos for credit cards issued by financial institutions and associations that are not major funders of fossil fuel projects:

FIND A RESPONSIBLE
CREDIT CARD

Many community banks and credit unions issue their own credit cards... the fees from these cards do not feed the money pipeline to fossil fuel projects .

Many community banks and credit unions do not issue their own credit cards but offer "co-branded" credit cards issued by other banks or financial institutions.

First National Bank of Omaha and TCM are two examples of issuing banks that are considered as alternatives to the mega-banks financing fossil fuel companies and projects.

Caution: many credit unions and some community banks offer credit cards issued by Elan Financial a unit of U.S. Bank, which is a major investor in fossil fuels.

regional banks/credit unions that issue their own credit cards:

First National Bank of Omaha (FNBO)

Beneficial State Bank

Alliant Credit Union

Hope Credit Union

examples of regional banks with

"co-branded" credit cards:

Amalgamated Bank (FNBO)

Community Bank, N.A. (FNBO)

Wintrust Bank, N.A. (FNBO)

Co-Branded cards feature the brand of a retailer, not-for-profit organization, major league sport, colleges, .

 

Affinity cards are co-branded cards that support non-profits through your credit card purchases. Each time you use an affinity card, the issuing bank donates a set amount to a partner nonprofit - averaging half a penny for every dollar you charge.

 

Co-branded and affinity cards are issued by a bank or other financial institution and can be used wherever the credit card network (Visa, Mastercard, Amex) is accepted.

Caution: Many co-branded and affinity credit cards are issued by the mega-banks: Costco/Citi; The Nature Conservancy/Bank of America; Amazon Visa/Chase; Target/TD Bank.

Look for credit cards issued by Synchrony or Bread Financial (formerly Comenity), which do not have significant investments in fossil fuel companies.

 

Synchrony (partial list): Sam’s Club, PayPal, Venmo, Verizon.

Store cards are private label credit cards branded for a specific store or brand.

Store cards are issued by a bank or other financial institution only for use at a specific store. Most store cards do not use a credit card network and do not have transaction fees or annual fees.

Look closely as some store cards are issued by a mega-bank, but there are many issued by Bread Financial or Synchrony (which issues the "Amazon Prime" store card).

#3 HOME & AUTO INSURANCE

If you insure your home and/or auto with Liberty Mutual, Travelers, All-State, GEICO, State Farm or other major insurance companies, then some of your money is likely being used to both insure and invest in the excavation, production and distribution of oil, tar sands, coal and gas.  Learn how to find mutual insurance companies that do not insure nor invest in fossil fuel projects.

GET INSURANCE COMPANIES OUT OF FOSSIL FUELS

Insurance companies are backing some of the most dangerous fossil fuel projects in the world. To make matters worse, they’re pulling your coverage when climate change hits. Join us is demanding that Liberty Mutual and the nation’s top insurance companies respond to the growing climate crisis.

Insurers & Investors in Fossil Fuel

AllState

Chubb

Cincinnati

Erie

Farmers (Zurich)

GEICO (Berkshire Hathaway)

Hanover

The Hartford

Liberty Mutual

Nationwide

Progressive

State Farm

Travelers

USAA (Charles Schwab)

This directory, though not comprehensive, contains several suggestions for local and regional home and auto insurance companies in each state.

 

While you still need to shop for insurance in your area, this directory offers suggestions for which companies to ask local independent insurance agents to obtain quotes from.

 

Consider contacting two or three local independent insurance agents, as each agent works with different companies. 

NATIONAL INSURANCE COMPANIES INSURE &
INVEST IN FOSSIL FUELS

Insure Our Future is a campaign holding the insurance industry accountable for its role in the climate crisis. We promote a rapid shift of the insurance industry away from supporting and financing fossil fuels to accelerating the transition to a clean energy economy.

#4 INVESTMENTS

Most financial institutions are complicit in the climate crisis.  Large asset managers - companies that people pay to manage and invest their money - such as BlackRock, Vanguard, State Street, and Capital Group are the among the largest investors in fossil fuel companies.  Learn about the funds you are now investing in and how to find alternative investments... and how to find an environmentally conscious financial advisor.

FOSSIL FINANCE FAQs

BlackRock is the world’s largest investor in fossil fuels... asset managers Vanguard, State Street, and Capital Group aren’t far behind. These three companies, own vast amounts of the global economy - and, as such, bear a special responsibility to act on climate.

DIVEST FROM FOSSIL FUELS

If your current investment companies don't offer fossil-free options, move to other investment products that better match your values.

FOSSIL FREE FUNDS

Fossil Free Funds analyzes the fossil fuel exposure of mutual funds and Exchange Traded Funds. They make it easy to know what you own, so you can align your investments with your values.

Third Act Upstate New York and Rivers & Mountains GreenFaith, Inc. are not qualified investment or financial advisors, or any other kind of advisors.  Information is provided as a public service to use - or not - for one's own purposes and at one's own risk.  Third Act Upstate New York and Rivers & Mountains GreenFaith, Inc. do not endorse, and specifically disclaim responsibility for the future performance of, any bank, insurance company, financial advisor, asset manager, investment fund, or other financial business or product.

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