An immediate end to your support for fossil fuel companies in Russia

A coalition of international environmental and social organizations has demanded that a wide range of global banks, insurers, and asset managers immediately stop providing financing, investment, and insurance to Russian coal, oil, and gas companies. The letter argues that financial support for these entities directly fuels the war in Ukraine and contradicts commitments to carbon neutrality. The signatories specifically request the divestment of existing assets and the suspension of services for non-Russian companies still active in Russia, such as TotalEnergies and Wintershall DEA, noting that BP, Shell, Equinor, and ExxonMobil have already committed to withdraw.

• The undersigned organizations demand that financial institutions stop providing new financing, investment, insurance coverage, and other financial services to Russian energy companies in the coal, oil, and gas sectors, and divest from existing assets.
• The coalition calls for the immediate suspension of financial services for non-Russian fossil fuel companies active in Russia, including TotalEnergies, Fortum/Uniper, and Wintershall DEA, until they withdraw from operations, similar to the commitments made by BP, Shell, Equinor, and ExxonMobil.
• The document argues that fossil fuel dependence is a common root for both human-induced climate change and the war in Ukraine, asserting that cutting ties to fossil fuels is necessary to stop the financing of wars and planetary destruction.

APA

Reclaim Finance (2022). An immediate end to your support for fossil fuel companies in Russia. https://reclaimfinance.org/site/wp-content/uploads/2022/03/LetterFinancialInstitutionsStopSupportFossilFuelRussia03032022.pdf

Chicago

Reclaim Finance. An immediate end to your support for fossil fuel companies in Russia. 2022. https://reclaimfinance.org/site/wp-content/uploads/2022/03/LetterFinancialInstitutionsStopSupportFossilFuelRussia03032022.pdf.

Wikipedia

{{cite press release |author=Reclaim Finance |title=An immediate end to your support for fossil fuel companies in Russia |date=3 March 2022 |url=https://reclaimfinance.org/site/wp-content/uploads/2022/03/LetterFinancialInstitutionsStopSupportFossilFuelRussia03032022.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{reclaimfinance2022immediate, author = {{Reclaim Finance}}, title = {{An immediate end to your support for fossil fuel companies in Russia}}, publisher = {Reclaim Finance}, year = {2022}, month = mar, url = {https://reclaimfinance.org/site/wp-content/uploads/2022/03/LetterFinancialInstitutionsStopSupportFossilFuelRussia03032022.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }