What are Investments of Mass Destruction?

* Releasing hundreds of millions of tons of cyanide and other heavy metals into a nations' rivers.(1)
* Financing a project that displaced over 1,000,000 people in the face of international opposition.(2)
* Capitalizing on political chaos to illegally liquidate a nation's resources (3)

These are not funded by terrorist groups or rogue nations, but by Bank One. Since merging with JPMorgan Chase, Bank One is part of the largest US bank without environmental or social investment standards. Without standards, Bank One and Chase use their customers' money to fund environmentally destructive projects.

Citigroup and Bank of America have adopted and enforced strong environmental investment standards. On April 12th, activists nationwide will demand that Bank One and JPMorgan Chase match their competitors' policies. In the loop, "investments inspectors" will present the case against Bank One's investments outside the Bank One headquarters at Dearborn and Madison. Elsewhere in Chicago, activists will visit Bank One branches and protest the bank's environmental and human rights abuses.

We need your help. If you'd like to get involved in the loop or in greater Chicagoland, email chicago (at) ran.org.

For more information, visit

www.ran.org/
www.dirtymoney.org/



(1)
JPMorgan Chase, parent of Bank One, provides loans and financial services to Freeport McMoRan. Freeport has admitted releasing these metals into rivers as a result of its mining operations in West Papua New Guinea.

(2)
JPMorgan Chase underwrote loans for China's Three Gorges Dam, which is responsible for the flooding of more than 24,000 hectares of farmland, destructive of sensitive ecosystems and the displacement of more than 1 million people.

(3)
JPMorgan Chase provides loans and financial services to BlueLinx, a building products distributor, which in turn imports illegally harvested wood from Indonesia. The Indonesian government protests that 70% of the logging occuring there is illegal, but that it is powerless to stop it.