[ [link removed] ]350.org

 

 



John,

In 2022, we pressured the Federal Reserve – the central bank of the United
States – to account for the risk that the climate crisis poses to our
economy. Our efforts have led to a critical opportunity to take action –
but first things first, let’s get you caught up:

For the last decade, we’ve been calling on public and private investors
and institutions to cut ties and divest from fossil fuels. The biggest
fish in the financial sea is the Federal Reserve System (AKA the Fed) and
their job is to protect our economy and financial system from risk –
including climate risk.

Thanks to our tireless organizing, the Fed has unveiled draft principles
that would protect our economy from the climate crisis. But, these
principles are just guidelines – we need the Fed to make them a
requirement for banks and financial institutions to follow.

[ [link removed] ]Right now, the Fed is accepting public comments that will have a direct
impact on their final principles. Will you submit a public comment now and
urge the Fed to take the climate crisis more seriously?

[ [link removed] ]Submit your comment »

The climate crisis poses a grave threat to every aspect of our economy and
our everyday lives, which is why our entire banking system needs to divest
from the fossil fuel industry and reinvest resources into a clean, just,
renewable economy.

The Fed’s current principles are a solid start, but for now, they are just
recommendations, not requirements. Plus, they don’t include:

* Major banks and corporations who have yet to take action.
* A concrete timeline for banks to follow these guidelines.
* Protections to ensure BIPOC communities are not forgotten.

John, the
climate crisis demands urgent, meaningful action. The Fed’s principles
offer a key opportunity to push financial institutions to divest from
fossil fuels and move towards a clean, renewable economy.

[ [link removed] ]We have a goal of sending at least 5,000 public comments before the
deadline on February 6. We’ve drafted the comment for you. All you have to
do is click:

[ [link removed] ]Submit your comment »

Thank you,

Team 350

P.S. To stay up to date on the campaign and learn more, check out our
campaign website at [ [link removed] ]fossilfreefederalreserve.com.




 




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