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Fossil Free the Federal Reserve!
August 26, 2021 @ 11:45 am – 1:00 pm
This week the Federal Reserve is hosting its annual Economic Symposium and 350CO and allies are joining forces to support the Fossil Free Federal Reserve campaign calling on the Federal Reserve to stop big banks from financing fossil fuels and the destruction of our planet.
Please join us at the Federal Reserve Building in Denver this Thursday 8/26 11:45 am – 1 pm for a peaceful, silent action where we will highlight our demands.
Learn more, RSVP and share on social media here.
Thanks to all who had planned to join actions near the initial location of the symposium in Wyoming. The Federal Reserve has moved their symposium online, but 350 CO will still be showing up to urge for stronger climate leadership and an accounting for climate risk.
Why is this Fossil Free Federal Reserve campaign important?
U.S. banks have funneled $1.2 trillion dollars into fossil fuels in the past five years. These big banks won’t stop funding fossil fuels on their own (they’ve been quite clear about that). The good news is that the Federal Reserve — the U.S. central bank — has the legal authority to make fossil fuel finance less desirable and possibly set limits on the financing of fossil fuels. It’s the Fed’s literal job to protect the public interest and economy from systemic risks like climate destruction, but they won’t do it alone. It will take the full weight of the climate movement pushing the Fed to take action and hold banks accountable for funding this crisis.
We also also looking for people to take photos with signs this week calling on the Federal Reserve to stop financing fossil fuels. If you are able to take a photo of yourself with a sign, please respond to this email and we will share details!
We hope to see you on Thursday! More info on social media here.