JP Morgan Chase Bank Funds the Climate Crisis. Is It Time for Middlebury to Dump Chase?
Sunday Night Environmental Group (SNEG) has asked Middlebury College to re-evaluate its relationship with JP Morgan Chase Bank, the world’s largest funder of fossil fuels. Chase continues to fund new fossil fuel investment at a time when the global climate crisis is worsening. As student activists, we question the college’s reliance on Chase Bank in the wake of the principled commitments made to renewable energy in Energy 2028. Middlebury College relies on JP Morgan Chase for a sector of its day-to-day financial operations and utilizes Chase for its purchasing cards (p-cards), a form of payment hardware intended to facilitate transactions for large institutions. SNEG is actively exploring sustainable finance courses of action that align with the college’s environmental values.