Set Instant Pot to sauté function. Add coconut oil. Once it melts and begins to sizzle, add onions and peppers and cook for 2 minutes or until onions are translucent and peppers begin to slightly soften, stirring occasionally.
Add in the chicken stock and tomato sauce. Stir to combine.
Add in the diced tomatoes, corn, and black beans. Stir to combine.
Set Instant Pot to manual for 5 minutes for pressure cooking. Make sure the venting is turned off and close the lid. This process will soften then dried beans to easier cooking.
Allow pressure to release naturally for 5 minutes.
Release the remainder of the pressure by venting the Instant Pot. Stir to combine.
Garnish with your favorite toppings like sour cream, shredded cheese, and fresh chopped cilantro.
Notes
For a deeper flavor, consider adding a splash of coffee or dark chocolate to your Black Bean Chili.Use fire-roasted tomatoes instead of regular canned tomatoes to add a subtle smokiness to the dish.