This Friday (10/29) our movement is taking action outside thirteen Federal Reserve branches across the country to demand that President Biden nominate a new Federal Reserve Chair who will prioritize the needs of everyday people, which includes using the Fed’s powers to tackle the climate crisis.
Will you RSVP now to join us at the Federal Reserve branch in Washington on Friday, October 29 to send a signal to Biden that he must choose a Climate Chair to head up the Fed?
Fossil Free Federal Reserve
Board of Governors of the Federal Reserve System Building
Constitution Ave NW and 20th St NW
Washington, D.C. 20551
October 29, 9:00 AM (local time)
Hosted by Sunrise Project
RSVP now » [link removed]
If you need assistance signing up for an event or have any questions, please email [email protected]
During the pandemic, the Federal Reserve bailed out fossil fuel companies — TC Energy (Keystone XL pipeline), Energy Transfer Partners (Dakota Access pipeline) and Enbridge (Line 3 tar sands pipeline) — through its emergency lending program.1
The Federal Reserve’s job is to protect our economy and financial system from risk – that includes climate risk. But for years, they’ve done the exact opposite by bailing out fossil fuel companies and allowing the largest US banks to pour nearly $1 trillion into risky fossil fuels, even after the U.S. signed onto the Paris Agreement.2
The Fossil Free Future day of action, hosted alongside our partners at the Future Coalition, will build on our momentum to hold the Federal Reserve accountable and also call out big banks like Chase and BlackRock who fund fossil fuels companies.
There are already 33 actions planned and it’s particularly important that you join, John, because you live near a Federal Reserve branch.
These actions will amplify our three core demands:
1. Ahead of COP26, we are calling on the Federal Reserve to phase out all fossil fuel financing from the banks by 2030.
2. Biden must appoint a Chair to the Fed who will take the mandate of climate risks seriously.
3. 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.
Please RSVP now and invite your network to join the action next Friday, October 29 at the Federal Reserve branch in Washington. [[link removed]]
Together we can show the power of our demands and build the pressure needed to win.
Hope to see you there.
- Team 350
P.S. If you haven’t already, claim your free Fossil Free Federal Reserve sticker. ([link removed])
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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.