Gendered and Racial Impacts of the Fossil Fuel Industry
in North America and Complicit Financial Institutions
The Gendered and Racial Impacts of the Fossil Fuel Industry in North America and Complicit Financial Institutions (third edition), is a report that addresses the disproportionate gender and race-specific health and safety impacts as well as human and Indigenous rights issues of fossil fuel extraction and infrastructure in the United States and selected parts of Canada— interlocking issues that have been sorely neglected in the discourse regarding fossil fuel extraction. The report spotlights the role that a specific set of financial institutions, including banks, asset managers, and insurance companies, play in preserving and perpetuating negative gender and racial impacts through focusing on eight case studies in North America.
WECAN is releasing the third edition of the report on September 20, 2023 during Climate Week and the UN General Assembly in New York City. Download the report at the button below.
The report explicitly exposes the role that financial institutions, including banks, asset managers, and insurance companies, play in preserving and perpetuating negative gender and racial impacts through focusing on 9 regional case studies, from the fracking fields Kern County in California to the recently approved Willow Project in the Western Arctic. The report spotlights Vanguard, BlackRock, Capital Group, JPMorgan Chase, Royal Bank of Canada, Bank of America, and Liberty Mutual as primary financiers of harmful fossil fuel projects within the regional case studies. All seven of these financial institutions have voiced support of the Paris Agreement and human rights via statements or by signing various international frameworks, yet, these financial institutions continue to fund companies whose operations are disproportionately harming women and communities of color, while also violating Indigenous rights and furthering the climate crisis.
Based on the analysis of first-hand women’s accounts, peer-reviewed scientific articles, and other published papers, this report identifies a myriad of links between the fossil fuel activity that particular financial institutions support and threats to the health and safety of African American/Black/African Diaspora, Indigenous, Latinas/Chicanas, and low-income women. The report advocates for financial institutions to immediately transition away from fossil fuels, and instead invest in a Just Transition, clean regenerative and renewable energy, accountability and justice within institutions, and community-led solutions.
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We are thankful for the following endorsements from the first edition of the report:
Alliance for Climate Education
Businesses for a Livable Climate
CADIRE Cameroom Association
Call to Action Colorado
Catholic Network US
Center for Common Ground
Clean Energy Action
Climate Crisis Policy
Climate Generation: A Will Steger Legacy
Collectif Sénégalais des Africaines pour la Promotion de l'Education Relative à l'Environnement (COSAPERE)
Colorado Businesses for a Livable Climate
Extinction Rebellion Boston
Extinction Rebellion San Francisco Bay Area
Last Real Indians
NAACP Environmental and Climate Justice Program
Progressive Democrats of America
Rachel Carson Council
Rural Gender and Development Association (RUGADA)
Sebenza Enabling the Environment
Servicios Ecumenicos para Reconciliacion y Reconstruccion
United People Project
UnKoch My Campus
Urgent Action Fund for Women's Human Rights
Wall of Women
Wen (Women's Environmental Network)
Women's Environment and Development Organization