DAY 2 | April 23
DIVEST: Stop the Money Pipeline
Wall Street is in the business of climate destruction. Banks, asset managers, and insurance companies spend trillions of dollars on funding, insuring, and investing in fossil fuel growth and expansion. If we can #StopTheMoneyPipeline we have a chance at stopping the climate crisis.
Clear evidence that fossil fuels are a dying industry was abundantly clear on Monday when fossil fuel prices went negative for the first time in history to -$37.33 a barrel! We know that for the next stimulus package the fossil fuel profiteers will come begging, and we must demand #NoFossilFuelBailout! It’s time to DIVEST from fossil fuels and INVEST in the growth industries of wind and solar.
Day 2: DIVEST Playbook
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NYC on Earth Day Live
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Calls to Action
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Resources for Today
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Social Media Guide
Get up to speed on the research that shows the culpable entities are many: banks like Wells Fargo and CitiGroup; asset managers like Vanguard and State Street; and insurers like Liberty Mutual. The worst offenders are the bank JP Morgan Chase and the asset manager, BlackRock. Since 2016, JP Morgan Chase has financed fossil fuels with $296 billion. BlackRock, with over $7 trillion under management, is the world’s largest investor in fossil fuels and deforestation.
On April 23rd, EarthWeekNYC will focus our actions on Wall Street—specifically JP Morgan Chase and BlackRock—urging them to pull their financing from fossil fuels and deforestation-linked companies. We will encourage individuals who bank with JP Morgan Chase to change banks! Check out Amalgamated Bank, it’s 100% fossil free.
Tune In: NYC on Earth Day Live
Don’t miss Earth Day Live’s spotlight on NYC which, as financial capital of the U.S. and a major coastal city still rebuilding after 2012’s Hurricane Sandy, has an outsized stake in the race for climate solutions. Watch the livestream here, and join the conversation on Twitter using the hashtag #EarthDayLive.
Three Calls to Action
1. Make a Call
Call three top bank officials to let them know how you feel about their investments that allow for the expansion of the dying fossil fuel industry.
This guide will bring you to the the head of three major financial institutions, with recommended talking points for each call, but your own words are even better.
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2. Digital CHASE Takeover
This exciting plan from 350Portland is digital action at its best! Their takeover toolkit will guide you step by step through leaving reviews for local Chase branches and letting them know what you think about their ongoing financing of climate destruction.
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3. Move Your Money
These top US Banks: Chase, Citibank, Wells Fargo are all among the top financiers of the fossil fuel industry. Isn’t it time we stop supporting these climate chaos profiteers? Learn more here about where to move your money.
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…And Share!
As the saying goes, actions speak louder than words. Shoot a video of you cutting up your Chase or other bank card, post a picture of yourself and your statement on where you will bank and share it on social media. Some friends at 350Brooklyn decided to #CutTheChase and can show how it’s done!
Resources for Today
Quick Facts
- Chase is the world’s worst funder of fossil fuels and the world’s worst funder of fossil fuel expansion—by a large margin. Bill McKibben explains more in this video!
- The $270 Billion it poured into fossil fuels between 2016-2019 and is a third (36%) higher than the second worst bank, Wells Fargo. They increased funding every year!
- Chase has actually increased its funding of fossil fuels every year since the Paris Climate Agreement
If you’re in a hole and you want to get out, stop digging! We need an immediate end to the expansion of fossil fuel extraction and infrastructure, and a historic redirection of capital towards a #JustTransition to renewable energy.
Social Media Guide
Find even more helpful resources in this Social Media Toolkit for today’s action.
Facebook Friends: Show your Earth Week Spirit!
350Brooklyn has created custom Earth Day frames for your Facebook profile pic! Show your Earth Week spirit while making your demands for climate justice heard online. These frames are available to all so share with friends, too!
Sample Tweets
Concerned about the climate? Follow the money! Big banks are pumping billions of dollars into fossil fuel companies that are destroying our climate. Chase is the WORLD’s biggest funder of the fossil fuel industry. Chase, stop using our money to pay for our destruction! #DigitalChaseTakeover
Chase is a major reason that fossil fuel companies keep drilling. We need to keep oil in the ground! Chase can afford to end these investments and invest instead in clean energy and a better future for our children. Chase: Get rid of the dirty fuels in your portfolio! #DigitalChaseTakeover.
Chase is the world’s biggest funder of fossil fuels--$269 billion 2016-2019. Do you want to be associated with a bank that funds the destruction of our planet? #DigitalChaseTakeover
The oil price war shows the risk of investment in fossil fuels. Many in the fossil fuel industry are in deep debt and only surviving because of subsidies and bailouts from the government. Now Chase is asking for ANOTHER handout! #DigitalChaseTakeover
DIVEST Hashtags
#CutTheChase
#DefundClimateChaos
#DefundFossilFuels
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#EndFossilFinance
#NoFossilFuelBailout
#StopTheMoneyPipeline
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@350Brooklyn
