Why seniors are blocking entrances to the four largest U.S. banks [View all]
Source: washington post
Protests in cities across the country will target Chase, Bank of America, Citi and Wells Fargo
By Maxine Joselow
March 21, 2023 at 6:00 a.m. EDT
When customers of America’s four largest banks visit their local branches on Tuesday, they will be greeted by an unfamiliar sight: activists in rocking chairs blocking the entrances.
It’s part of a national campaign to pressure banks to stop financing fossil fuels and heed warnings from leading scientists about the need to rapidly phase out oil, gas and coal to avert the worst effects of climate change.
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The rocking chairs are the brainchild of Third Act, a group that seeks to engage Americans 60 and older — those in their “third act” of life — in environmental activism. But the demonstrations are expected to draw attendees of all ages in about 100 cities across 29 states, according to the 53 groups organizing the events.
The protests add to the mounting environmental pressures on Wall Street from politicians of both parties. Liberal lawmakers have pleaded with large financial institutions to cut ties with the fossil fuel industry, while conservatives have attacked what they see as “woke” capitalism, a reference to companies that treat climate change as an economic risk.....................................
Read more: https://www.washingtonpost.com/climate-environment/2023/03/21/climate-banks-protest-fossil-fuels/
Good for them
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Climate activists outside the headquarters of JPMorgan Chase in New York in October 2022. (Anthony Behar/SIPA USA/AP)
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