or generations, fossil fuel corporations have targeted Black, Brown, and Indigenous communities with extractive projects and toxic pipelines that pollute and contaminate our air, water, and soil. These same corporations are also driving climate chaos, which is experienced first and worst by communities of color across the globe in the form of more extreme and more frequent severe weather events.
Meanwhile, Wall Street banks, asset managers, private equity firms, and other financial institutions prop up the fossil fuel industry by pumping billions of dollars into the sector every year.
ACRE supports and runs campaigns to end fossil fuel and Wall Street extraction and to demand that these corporations pay for the harm they’ve inflicted upon our communities and our planet. We are also building power for a future where all frontline communities have self-determination in the transformation of our economic system from an extractive, exploitative one to a regenerative, sustainable one—one in which everyone can enjoy healthy, safe, and thriving lives.
Related reports & projects:
- Read our December 2020 letter to Biden’s pick for NEC director, Brian Deese, who previously worked for BlackRock.
- Read our June 2022 letter to the SEC on climate-related financial risk
- Check out our October 2020 report on how Wall Street and public subsidies are propping up the fossil fuel industry: Fueling the Fire: Why Any Fossil Fuel Industry Bailout Would Be Disastrous for Communities of Color
- Find out how the second largest asset manager in the world is propping up polluting and carceral corporations in its so-called “Environmental, Social, Governance Funds” funds in our March 2022 report: Vanguard’s Empty Promises: How Vanguard Funds Harm and Fuels Extractive Industry
- Learn about how BlackRock’s most powerful and longest serving board member has extensive ties and millions of dollars in investments in fossil fuels: BlackRock’s Governance Mess