Banks invested in the MVP and what you can do

According to a recent Oil Change International article, the following banks are invested in the MVPJP . Morgan Chase, Bank of America, TD Bank, PNC, Union Bank, Wells Fargo, Citigroup, and U.S. Bank.

If you have accounts with any of these banks please consider contacting them and urging them to divest from the MVP, which is already way over budget and far behind schedule. 

Wouldn’t it be nice if the MVP money dried up, and the MVP canceled the project!

A draft letter is below. Please feel free to copy, past, and edit it as you see fit. I think that a snail mail letter is most effective, but an e-mail may help as well. You may also want to send a copy to the manager of your local branch.

Some contact information for these banks follows:

JP Morgan Chase
270 Park Avenue
New York, NY 10017
Attn: James Dimon, CEO

Bank of America
100 Tryon Street
Charlotte, NC 28255
Attn: Brian T. Moynihan, Chairman and CEO

or e-mail Holly O’Neill, client care
hollyoneill.client care@bofa.com

TD Bank
1701 Marlton Pike East, 200
Cherry Hill, NJ 08003
Attn: Gregory T. Braca, CEO

or Same address Attn: Michelle Hickey, Head of Chairman’s Service Center

or Michelle.Hickey@td.com

PNC
The PNC Financial Services Group
One PNC Plaza
Pittsburgh, PA 15222
Attn: William S. Demchak, CEO

or bill.demchak@pnc.com

Union Bank
1980 Saturn Street
Monterey Park, CA 91755
Attn: Steve Cummings, CEO

Wells Fargo
420 Montgomery Street
San Francisco, CA 94104
Attn: Charles W. Scharf, CEO

or Wells Fargo and Company
P.O. Box 63750
San Francisco, CA 94163
Attn: Board of Directors

or boardcommunications@wellsfargo.com

Citigroup
388 Greenwich Street
New York, NY 10013
Attn: Michael Corbat, CEO

U.S. Bank
800 Nicollet Mall
Minneapolis, MN 55402-7014
Attn: Jennifer Thompson, CFA

or jen.thompson@usbank.com


Dear (name of person)

I have an account with (name of bank) in (your location). I have been pleased with the services that I have received from (name of bank) and with the assistance I have received from (name of bank) staff.

Nevertheless, I am very disturbed to recently learn that (name of bank) is invested in the Mountain Valley Pipeline, which remains under construction, and faces numerous regulatory and legal challenges.

The Mountain Valley Pipeline is an unjust fossil fuel project that is threatening thousands of rural property owners on, and along the proposed route. They are having their land forcibly taken from them by eminent domain for private gain, or compelled to sign a legal agreement to use their land for the pipeline. Their property values have plummeted. What was the biggest investment of their lives is now becoming the biggest loss of their lives, through no fault of their own.

Their personal safety, and the safety of their families will be placed at risk due to the extreme explosive potential of this dangerous pipeline. Their drinking water wells and springs will be seriously threatened by pollution from the pipeline. Their property will be forever defaced.

The Mountain Valley Pipeline is also planning to bring thousands of pipeline workers into small rural communities during our Covid-19 national health emergency. This act of incredible selfishness could easily cause a superspreader event that could sicken and kill local residents, many of whom are elderly and low income, with few health services available.

The Mountain Valley Pipeline will contribute heavily to climate change, and lock in greenhouse gas emissions for decades to come, while it is very likely that most of the gas will be exported, instead of being used by United States consumers.

The Mountain Valley Pipeline is also way over budget, and way behind schedule, with ever increasing expenses continuing to mount up, while it continually fumbles its responsibility to obtain needed permits, and follow the law.

Their is nothing right about the Mountain Valley Pipeline.

I don’t want my hard earned money going to a project that is morally corrupt and financially precarious.

Please divest (name of bank) from the Mountain Valley Pipeline. I you do not do so I will look to divest from (name of bank).