We’ve completed step one, John.
Our movement successfully pressured President Biden to nominate the most diverse and well-qualified slate of candidates to the Federal Reserve who will take climate risk seriously.1
Now comes step two: It’s our job to make sure that, once confirmed, these nominees get to work right away to drastically reshape our economy and cut off the flow of funds from big banks to fossil fuels.
This Earth Day, April 22, our movement is taking action outside Federal Reserve branches and other key locations across the country to call for change at the Fed – and you live near one of these actions, John.
Event details:
Fossil Free Fed Earth Day Rally
Federal Reserve Building
Constitution Ave NW between 20 and 21 Streets
Washington, D.C. 20551
Friday, April 22, 4:00 PM (local time)
Hosted by 350 Montgomery County
If you need assistance signing up for an event or have any questions, please email [email protected].
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 fossil fuels.2
During the pandemic, the Federal Reserve bailed out fossil fuel companies — including TC Energy (Keystone XL pipeline), Energy Transfer Partners (Dakota Access pipeline) and Enbridge (Line 3 tar sands pipeline) — through its emergency lending program.3
Through these actions on Earth Day, we will demand that the Federal Reserve phase out all fossil fuel financing from the banks by 2030 – and instead encourage banks to make investments aimed at limiting global temperature rise to 1.5°C, with a particular emphasis on lending to low-income communities and communities of color.
Together we can show the power of our demands and build the pressure needed to win.
Hope to see you there.
- Team 350
1 - Washington Post
2 - Bailout Watch
3 - Banking on Climate Chaos