[ [link removed] ]350.org

 

 



John, there’s still time to tell the Fed: Make climate change a
priority!

The Federal Reserve is still accepting public input on their draft
principles to protect our economy from the climate crisis – but the
deadline is coming up quickly.

[ [link removed] ]Will you send in your public comment now? We’ve even drafted it for
you, so all you have to do is click:

[ [link removed] ]Submit your comment »

John -

For the last decade, we’ve been calling on public and private investors
and institutions to cut ties and divest from fossil fuels.

Thanks to our tireless organizing, the Federal Reserve (AKA the Fed) has
unveiled draft principles that would protect our economy from the climate
crisis. The problem is, these principles are only guidelines and just this
week:

Chairman Jerome Powell announced that the Federal Reserve will “stick to
its knitting” and not be a “climate policymaker.”^1

The entire purpose of the Federal Reserve is to protect the U.S. economy
from financial risk, including climate change. They don’t get to stay on
the sidelines.

It’s obvious the Fed isn’t hearing us – yet. We need to make our demands
for the Fed to take immediate steps to stop fossil fuel finance and
promote investment in clean, just, renewable energy impossible to ignore.

[ [link removed] ]Right now, the Fed is accepting public comments that will have a direct
impact on their decision. 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 10,000 public comments before the
deadline. 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. 

1 - [ [link removed] ]The New York Times




 




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