I pause to write this letter in the middle of week one of the 30th UNFCCC Conference of the Parties — the big international climate conference, the space for multilateral decision making to save ourselves from ourselves and rein in the climate crisis. Day two photos showed that a torrential downpour left the blue zone entrance flooded. Mother Nature is present and making her anger known.
This morning I also saw the announcement of Time Magazine’s 100 Climate leaders for 2025. At the top of the list I found the Global Head of Climate Advisory for JP Morgan Chase, Sarah Kapnick. I shook my head, thinking perhaps I was still asleep, and refocused. There it was indeed.
JPMorgan Chase is the world’s largest financier of fossil fuels, having provided over $382 billion since the Paris Agreement, with $53.5 billion in 2024 alone. The bank faces criticism from scientists and activists for its continued large-scale investments, particularly in fossil fuel expansion. How does a person who works for such an institution end up being lauded as a hero working to resolve the climate crisis?
Last week the Guardian released a report from Kick Big Polluters Out showing that over the past four years fossil fuel lobbyists have gained access to negotiation spaces at COP. The roughly 5,350 lobbyists mingling with world leaders and climate negotiators in recent years worked for at least 859 fossil fuel organizations including trade groups, foundations and 180 oil, gas and coal companies involved in every part of the supply chain from exploration and production to distribution and equipment. There are more fossil fuel lobbyists and executives in negotiations than delegates representing the most climate vulnerable countries on the planet.
We’ve known since the late 1800s that greenhouse gas emissions warm the planet. In 1902 a Swedish chemist Svante Arrhenius calculated that burning fossil fuels will, over time, lead to a hotter Earth. But the fossil fuel industry followed Big Tobacco’s playbook and despite knowing the truth, waged a multi-decade, multibillion dollar disinformation, propaganda and lobbying campaign to delay climate action by confusing the public and policymakers about the climate crisis and its solutions. See this report from Climate Action Against Disinformation and the Exxon funded think tanks to spread climate change denial in Latin America.
They’ve infiltrated our K-12 classrooms. The Oklahoma Energy Resources Board, a state agency funded by oil and gas producers, has spent upwards of $40m over the past two decades on providing education with a pro-industry bent, including hundreds of pages of curriculums, a speaker series and an after-school program — all at no cost to educators of children from kindergarten to high school. In Ohio students learn about the beauty of fracking. Even Scholastic, a brand trusted by parents and educators, has attached its seal of approval to pro fossil fuel materials. Discovery Education has also embedded pro oil propaganda into its science and stem free resources.
There is no just transition, no possible way to keep our global temperatures to the limit agreed to in Paris ten years ago without a fast and fair phase out of fossil fuels. We know this is possible, during the first half of 2025, renewables generated more electricity than coal. As UN General Secretary António Guterres said in his opening remarks in Belem, “We’ve never been better equipped to fight back… we just lack political courage.”
Next year, I hope that TIME’s Climate 100 is a list of indigenous climate activists from around the world, whose leadership has led us to find the political courage Guterres spoke of, the courage to do the right thing and phase out fossil fuels forever.
Susan Phillips
Executive Director
Photo by Andrea DiCenzo