John -
Moments ago, news broke that President Biden has renominated Jerome Powell as chair of the Federal Reserve. This decision confirms what I feared the most.
Biden is NOT the climate president he claims to be. Here's what I mean:
Biden's decision to ignore the leading voices in economics, members of Congress, and — most importantly — tens of thousands of supporters who called on his administration to nominate a true climate leader is a blatant disregard for our mandate to shift the economy and keep warming below 1.5 degrees.
I'm angry, John. But I refuse to give up hope:
We have a few short weeks left until the Senate Finance Committee votes on Powell’s renomination. Between now and then, we need to mobilize our climate movement and call on the US Senate to do what is right for our communities and our planet. But it's going to take a tremendous amount of resources to make it happen:
John, Jerome Powell's hesitancy to even acknowledge the many ways the Federal Reserve can account for climate risk is in direct opposition to the claims made by the White House, and makes him the wrong choice for this position.
The International Energy Agency and the Intergovernmental Panel on Climate Change have been crystal clear: we cannot finance any new fossil fuels — full stop. And we need to quickly wind down existing fossil fuel projects. That's why we set our target on the Federal Reserve.
We're hoping for a large number of individual contributions today to help us mobilize climate activists around the country to call on the US Senate to block Powell's nomination. I'm really hoping I can count on you today:
John, we launched the Fossil Free Federal Reserve campaign because demystifying the role of this vital financial institution and engaging everyday people to stop the flow of funds to fossil fuels is crucial to stop the worst effects of the climate crisis.
And even though I'm angry today, I am endlessly inspired by the thousands of you who have donated to help us lift this campaign off the ground and tackle the world's largest and most powerful financial regulators.
I want to say thank you again for taking a moment to read this email, and thank you for chipping in today to help us move our campaign into its next phase.
Together, we will put an end to fossil fuel finance and grow our multi-generational, multi-racial movement to push the Federal Reserve to account for climate risk and end fossil fuel finance.
Brooke Harper
Regional Campaigns Strategist
350.org
 |
 |
 |
PO Box 843004, Boston, MA 02284-3004
This email was sent to [email protected]. Email is the most important way we keep in touch with people like you. If you need to remove yourself from our email list, unsubscribe here. You can also sign up to receive fewer emails. Update your email address, location, or language.
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.