Climate activists in over 100 cities across the US held boisterous rallies in front of banks this week to demand that top US lenders stop financing the expansion of the fossil fuel sector. Led by Third Act, a new climate advocacy group for Americans aged 60 and older, protesters sang songs and cut up their credit cards to send a message to big banks that it’s time to, in their words, “stop funding fossil fuels.”
The actions were covered extensively in global and US media:
- New York Times – A ‘Rocking Chair Rebellion’: Seniors Call On Banks to Dump Big Oil
- Guardian – joint OpEd from Bill McKibben and Sierra Club US ED Ben Jealous
- The Washington Post – Why seniors are blocking entrances to the four largest U.S. banks
- Democracy Now -interview with Bill McKibben and Ben Jealous
- The Independent – Senior citizens lead climate protest in rocking chairs at major US banks
- NPR – Climate activists target nation’s big banks, urging divestment from fossil fuels
- Sierra Club magazine
Since 2016, the world’s largest banks have invested a combined $4.6 trillion in the fossil fuel sector, which has allowed coal, oil, and gas companies to build new fossil fuel infrastructure, according to an analysis titled Banking on Climate Chaos, prepared by Rainforest Action Network, Oil Change International, and other groups. These investments threaten the rapid transition away from fossil fuels that the Intergovernmental Panel on Climate Change says is necessary for a livable future. At the nationwide protests, customers of the largest US banks threatened to take their business elsewhere if the lenders continue to invest in fossil fuels.
Check out some of the incredible photos below:
Powerful day! The 3.21.23 #StopDirtyBanks national day of action was incredible 👏👏
Third Actors & 50+ partners organized 102 demonstrations across 30 states and DC!
— Stop the Money Pipeline (@StopMoneyPipe) March 23, 2023
— Third Act (@ThirdActOrg) March 22, 2023