[ [link removed] ]350.org

 

 

John, this is a huge win!

Yesterday, the Biden administration issued the first ever Executive Order (EO) for the financial sector to address the climate crisis.

The Executive Order on Climate-Related Financial Risk will help us better understand how climate change can impact our financial security, strengthen the U.S. financial system, and inform concrete decisions that the federal government can take to mitigate the risks of climate change. This EO will mobilize the entire finance sector to stop funding dirty fossil fuels and build back fossil free.

While this is an important and critical step in the right direction, we need Biden to make sure all the leaders of all our public financial institutions are doing everything in their power to stop the climate crisis, starting with the Federal Reserve.

The Federal Reserve is using public money to bail out fossil fuel corporations when they should be investing in our communities. They’ve used emergency emergency rescue and recovery programs to subsidize fossil fuels and deforestation. To make sure they invest in a productive, just, clean recovery, we must replace the current leader, Jerome Powell, who is failing to take action against the climate crisis.

If President Biden wants to address climate financial risk, he must replace Powell with a Fed Chair who will take it seriously.

Join us in demanding that Biden replace the current Fed Chair with a true climate leader.

SIGN THE PETITION » [link removed]

Check out Brett’s email below to learn more about our campaign and how the Federal Reserve is fueling the climate crisis.

For a better tomorrow,

Team 350

_________________________________________________


John,

During the COVID-19 pandemic, the Federal Reserve — the United States’ central public bank — bankrolled fossil fuel companies to the tune of billions of dollars. That was not public relief.

We need a central bank that supports Black, Indigenous, and POC communities fighting on the frontlines of COVID-19, racial and economic injustice, and climate destruction. Instead, the Federal Reserve is neglecting to regulate the banks financing oil, gas, and coal expansion projects, actively funding the climate crisis.

That’s why we’re joining our partners to demand that President Biden appoint a strong climate leader as Federal Reserve Chair who will implement policies and rules at the scale needed to address the climate emergency we’re facing.

We demand public money for public good. Add your name on our petition demanding Joe Biden nominate a climate leader as the Federal Reserve Chair.

SIGN NOW » [link removed]

We need to make sure the Federal Reserve prioritizes the biggest existential and economic risk our country is currency facing: the climate crisis.

Under the current Federal Reserve Chair Jerome Powell, the Federal Reserve used emergency funds to pump money into fossil fuel companies during a climate emergency. It’s time the Federal Reserve used its powerful tools to create a just and sustainable future.

Powell’s term as Chair of the Federal Reserve Board ends in February and reappointment or nomination of someone else will be solidified by January 2022. Help us make sure Biden replaces Powell with a leader who will take the climate crisis seriously.

Will you add your name to demand President Biden nominate a climate leader as the Federal Reserve Chair?

ADD YOUR NAME » [link removed]

Record-breaking weather and climate disaster events are a frightening new normal. Vast and persistent wildfires, noxious air quality, slow-burn drought, biblical floods; we are all too familiar with the “new normal”.

The solution is clear: fossil fuels are an existential risk to our climate, communities, and economy. The Federal Reserve must act on its key role in tackling the climate crisis. It’s up to ordinary people like us to make sure our central bank serves its purpose, and that starts with replacing Jerome Powell as the Chair of the Federal Reserve with a true climate champion.

Sign the petition to demand that Biden appoint a leader who will steer the economy towards a just and sustainable future. » [link removed]


In solidarity,

Brett Fleishman
Director of Fossil Finance Campaigns

 




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350.org is a global movement that fights for a just and equitable world by stopping the fossil fuel industry from continuing to destroy our climate.