TOMORROW: Carnival of Destruction

Tell JPMorgan Chase to stop using your deposit dollars to finance ecological and social tragedies like mountaintop removal coal mining.


MEET US AT 8 AM ON PARK AVE BETWEEN 47th AND 48th (270 PARK AVE)

Halloween is coming early to JPMorgan Chase, as scores of costumed demonstrators descend on the investment bank’s offices in midtown Manhattan. The “Carnival of Destruction,” held by Waterkeeper Alliance, Rainforest Action Network, Sierra Club, and Friends of the Earth, was conducted to protest the investment bank’s financing of coal companies whose mining practices are devastating the environment.

“JPMorgan Chase invests hundreds of millions of dollars in the coal industry every year – bankrolling some of the biggest players in mountaintop removal coal mining, including the notorious Massey Energy Company,” states Waterkeeper’s legal director Scott Edwards. “The destruction they finance must be stopped, and people everywhere need to know that clean coal is nothing but a dirty lie.”

Although CEO Jamie Dimon claims his company is dedicated to the promotion of clean energy, JPMorgan Chase ranks today as the largest underwriter of coal companies that engage in mountaintop removal coal mining, financing six of the eight largest firms operating in Appalachia. The leading polluter in the industry, Massey Energy, continues to be a major client of the bank’s, which recently underwrote a $1 billion public offering for the company. Both Wells Fargo and Bank of America have ended their client relationships with the coal company in light of the potential impact of Massey’s destructive business practices on their own bottom lines.

“Coal-burning power plants are the leading source of greenhouse gas emissions in the United States, while mountaintop removal coal mining destroys mountains and devastates communities throughout Appalachia,” said Annie Sartor of the Rainforest Action Network. “With today’s action, we’re telling Chase that their financing of coal and mountaintop removal is truly the most shocking show on earth!”

Join the event online by re-tweeting @waterkeepers with this text:
RT@waterkeepers:#CarnivalofDestruction to stop #JPMorganChase CEO #Jamie Dimon from investing in mountaintop removal.

Call Chase to voice your opinion: 212-270-6000