Posted on Mar 22, 2023
Climate activists target nation's big banks, urging divestment from fossil fuels
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https://www.npr.org/2023/03/22/ [login to see] /climate-change-activists-target-big-banks-divest-from-fossil-fuels
Across the U.S., people protested outside major banks on Tuesday, calling on financial institutions to shift investments away from fossil fuel companies. In Boston, more than 200 people marched from a Chase Bank to a Bank of America branch. A man there used a solar-powered chain saw to cut through giant credit cards from Chase and Bank of America.
One hundred protests took place across the country, from Juneau, Alaska, to Washington, D.C., to urge banks including JPMorgan Chase, Bank of America and Citi to stop funding fossil fuel projects, which significantly contribute to human-caused climate change. Third Act, a climate activism group largely made up of retirees, organized the nationwide events ahead of annual meetings where investors can propose changes to corporate policies.
Across the U.S., people protested outside major banks on Tuesday, calling on financial institutions to shift investments away from fossil fuel companies. In Boston, more than 200 people marched from a Chase Bank to a Bank of America branch. A man there used a solar-powered chain saw to cut through giant credit cards from Chase and Bank of America.
One hundred protests took place across the country, from Juneau, Alaska, to Washington, D.C., to urge banks including JPMorgan Chase, Bank of America and Citi to stop funding fossil fuel projects, which significantly contribute to human-caused climate change. Third Act, a climate activism group largely made up of retirees, organized the nationwide events ahead of annual meetings where investors can propose changes to corporate policies.
Climate activists target nation's big banks, urging divestment from fossil fuels
Posted from npr.org
Climate Change
Banking
Protest
Posted 1 y ago
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PO1 William "Chip" Nagel
..."Still, McKibben remains hopeful. "We've had conversations now with executives at a couple of them [banks] who've reached out because they know what's going on," he said. "But I think it'll take a lot of work to really make them shift."
Third Act has gathered some 17,000 pledges from people who have said they'll close accounts and cut up credit cards if banks continue to support fossil fuels. The organization said in a news release that those pledges went to bank leaders at branches across the United States."
..."Still, McKibben remains hopeful. "We've had conversations now with executives at a couple of them [banks] who've reached out because they know what's going on," he said. "But I think it'll take a lot of work to really make them shift."
Third Act has gathered some 17,000 pledges from people who have said they'll close accounts and cut up credit cards if banks continue to support fossil fuels. The organization said in a news release that those pledges went to bank leaders at branches across the United States."
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