FOSSIL FUEL FINANCE

In order to build and operate drilling and fracking rigs, pipelines, production facilities and export terminals, fossil fuel polluters need money, and lots of it. Where do they get it?

Mostly from a handful of big banks, asset managers, and private equity firms who finance the billions it takes to build the infrastructure that puts Gulf South communities and the global climate at risk. Corporate polluters’ dirty, dangerous projects also need far-reaching insurance policies in order to secure financing, and thus also rely on large insurers to operate – oftentimes the very same insurers who refuse to cover homes and businesses in Texas and Louisiana due to climate-related risks.

TCE convenes a coalition of Texas and Louisiana communities with national and international campaigners engaged in the fight to end the financing and underwriting of fossil fuel infrastructure.

As a founding partner and ongoing host of the growing Gulf South Fossil Finance Hub, we work to help educate and inform community leaders and organizing partners on key issues, and collaboratively develop and execute strategies to influence banks, private equity firms, asset managers and insurance companies that back big polluters.