One of the most important campaigns in the global climate justice efforts is to halt the financing of new fossil fuel projects. Divestment campaigns at major institutions are ongoing. In the last few years, actions highlighting the role of big banks in funding fossil fuel expansion have been growing, driven by a coalition of environmental groups called Stop the Money Pipeline.
We know that activism works to change bank investment policies. HSBC, a major British bank that had heavily invested in fossil fuel projects, has agreed to stop financing new fossil fuel projects, thanks to pressure from activists.
These campaigns focus on the four biggest funders of fossil fuel projects: Chase, Citi, Bank of America and Wells Fargo.
Pledge to Move Your Money
Th!rd Act initiated a Banking on our Future Pledge campaign, where people can pledge to move their money out of the banks most responsible for fossil fuel funding (or to refrain from opening accounts at those banks).
Our allies at THIS! Is What We Did offer supportive learning groups to help you through the process of closing your accounts and moving your money.
Scroll down on their page for a toolkit with helpful guides and sample letters to send as you go through the process of moving your money.
Join the Day of Action
Th!rd Act has called for a national day of action in the United States on March 21st, as the culmination of their Banking on our Future Pledge campaign.
If there isn’t an action already planned near you, maybe you can host one. Th!rd Act offers ideas and support for local organizers in the US. Even just a couple of people with some good props, taking photos and video to share on social media, will help amplify the power of this day of action.
So whether you’re pledging to move your money, telling your friends, joining an action at a bank branch near you, or helping to organize an action, this month leading up to 3.21.23 holds abundant opportunities to engage in sacred activism. What we do now to halt the expansion of fossil fuels is a critical action toward a world abiding in agaya and ubuntu.
Share your ideas in the comments below.