Greta Thunberg Joins Protest Outside JP Morgan Demanding End to Fossil Fuel Funding

Swedish climate activist, Greta Thunberg, has joined a protest outside JP Morgan’s office in Canary Wharf, London, calling for the bank to stop funding fossil fuel projects. Thunberg is participating in the Fossil Free London action, where activists have blocked the entrance to the bank by sitting on the pavement, waving yellow flags, and chanting “oily money out.”

This protest comes just days after a demonstration on Park Lane, where oil executives had gathered for the Energy Intelligence Forum. Thunberg was arrested at that protest and charged with a public order offense, along with 26 others. Fossil Free London accuses JP Morgan of being a major source of funding for fossil fuel projects since the Paris Agreement, which aims to limit global temperature rises to 1.5°C above pre-industrial levels.

Campaigners are asserting that JP Morgan should cease all new fossil fuel investment and financing. They argue that the bank is making billions in profit while the world faces worsening inequality and devastating consequences from the climate crisis. The group believes that some of JP Morgan’s profits should be directed towards supporting communities affected by climate change, providing financing for adaptation and mitigation measures.

This protest highlights the growing concern around the role of financial institutions in supporting environmentally harmful industries. Activists like Thunberg are increasingly using their platform to urge banks and corporations to divest from fossil fuels and invest in renewable energy sources. The actions of Thunberg and other climate activists have drawn attention to the urgency of addressing climate change and the need for immediate action to reduce greenhouse gas emissions.

It remains to be seen how JP Morgan will respond to these protests and calls for divestment. As the pressure on financial institutions mounts, it is likely that more protests and campaigns will continue to take place, demanding accountability and urging for a transition to a more sustainable and equitable economy.