Good morning fellow climate activists,

350 National is organizing an Action at each of the 12 locations of the Federal Reserve Bank, including in Chicago. To participate, we at 350 Chicago are helping to organize our version of the action in cooperation with Rising Tide Chicago, 350 Madison, Sunrise Movement, Extinction Rebellion Chicago and the youth led climate group Fridays for Future. Can you join us? You can RSVP here.

In less than 2 weeks, we will be meeting at Pritzker Park (310 s. State Street) by 2PM prior to marching to the FED. The Action will conclude at 4 PM.

Here is a video explaining the what and why of the FED campaign: https://350.org/press-release/fossil-free-fed-launch/

To Summarize:

The campaign demands President Joe Biden appoint a climate champion as Fed Chair, and for the Federal Reserve to:

End bank fossil fuel finance: Use existing regulatory and supervisory tools to begin limiting and phasing down the financing of emissions.

Divest and invest: Align Fed spending and asset purchases with the Paris Climate Agreement’s goal of limiting temperature rise to 1.5°C

Push banks to invest: Encourage and support bank investment aimed at limiting global temperature rise to 1.5°C, with a particular emphasis on lending to low-income communities and communities of color.

“Building a Fossil Free Federal Reserve is a key tool in our climate recovery toolbox,” said Tracey Lewis, Senior Climate Finance Policy Analyst with 350.org. “We’re launching this campaign because climate chaos is a disaster for all of us, including the economy. Not only does the Fed have legal authority to stop fossil fuel finance — it’s their responsibility.”

For those interested in volunteering to help with the organizing of the action, please reply to me at [email protected]. There will be a planning meeting this Thursday evening, October 21st at 7PM. I will send you a Zoom Link. Will you join us?

If you are unable to assist in the organizing of the event, but would like to participate in the action, here is the RSVP to attend. We will provide more details as they are developed over the next 2 weeks.

We can really make a big impact here in Chicago with this event. Let's make this action a success!

Best regards,

Larry Coble

President, 350 Chicago Board of Directors