{"id":19664,"date":"2021-08-16T19:00:17","date_gmt":"2021-08-17T02:00:17","guid":{"rendered":"http:\/\/occupysf.net\/?p=19664"},"modified":"2021-08-16T19:00:19","modified_gmt":"2021-08-17T02:00:19","slug":"climate-activists-target-banks-greenwashing-in-nationwide-defundline3-protests","status":"publish","type":"post","link":"https:\/\/occupysf.net\/index.php\/2021\/08\/16\/climate-activists-target-banks-greenwashing-in-nationwide-defundline3-protests\/","title":{"rendered":"Climate Activists Target Banks’ Greenwashing in Nationwide #DefundLine3 Protests"},"content":{"rendered":"\n
\"#DefundLine3\"\/<\/figure>\n\n\n\n

Activists protest financial institutions’ greenwashing outside JPMorgan Chase’s headquarters in New York City on August 13, 2021. (Photo:\u00a0<\/em>Extinction Rebellion NYC<\/em><\/a>\/Twitter)<\/em><\/p>\n\n\n\n

“Banks are continuing to fund massive new oil pipelines like Line 3 that would lock in vast amounts of climate pollution for decades. Even worse, they are disguising their loans as ‘sustainability’ measures.”<\/p>\n\n\n\n

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BRETT WILKINS<\/a> August 13, 2021 (commondreams.org)<\/p>\n\n\n\n

In the wake of<\/strong> this week’s publication<\/a> of the Intergovernmental Panel on Climate Change report underscoring the imperative to quickly transition to a post-fossil fuel economy, activists in dozens of cities across the U.S. on Friday rallied outside the offices of major banks to denounce their funding of polluting projects including Enbridge’s Line 3 tar sands pipeline.<\/p>\n\n\n\n

“You can’t build pipelines and be sustainable.”
\u2014Stop the Money Pipeline<\/p>\n\n\n\n

The activists targeted companies including BlackRock, JPMorgan Chase, and Liberty Mutual, which invest in, fund, and insure fossil fuel industry projects like Line 3.<\/p>\n\n\n\n

“On Monday, the IPCC released its first comprehensive study on the climate crisis since 2013. Hundreds of climate scientists collaborated on the report, synthesizing the findings of more than 14,000 studies,” Stop the Money Pipeline\u2014a coalition of over 150 groups whose mission is “holding the financial backers of climate chaos accountable”\u2014said in a statement<\/a>. <\/p>\n\n\n\n

“The conclusions were clear: We must immediately phase out fossil fuels,” the group continued. “The United Nations Secretary-General, Ant\u00f3nio Guterres, summed it up: ‘This report must sound a death knell for coal and fossil fuels, before they destroy our planet.’ Yet, Wall Street banks are continuing to fund massive new oil pipelines like Line 3 that would lock in vast amounts of climate pollution for decades. Even worse, they are disguising their loans as ‘sustainability’ measures.'”<\/p>\n\n\n\n