Four U.S. banks delayed the transition to clean energy by funding over $1.1 trillion in new fossil fuel projects between 2016 and 2021, according to Banking on Climate Chaos 2022. Together Chase, with $382 billion, Citi, Wells Fargo and Bank of America provided a quarter of all new fossil fuel funding in the world.
We can stop our money and the profit derived from our money being used to fund more new fossil fuel projects. Credit cards are lucrative for banks. Divestment works.
Third Act is sponsoring a nationwide day of action Tuesday at branches of these four big banks to pressure them to stop financing climate destruction, increase public awareness and encourage people to cut their cards and close accounts. Actions are planned for noon in Portland and 3:30 p.m. in Vancouver (https://tinyurl.com/9b6zrt6a). Help to fund a livable future by switching to a local bank or credit union.
