Fossil Fuel Divestment Day #F2D2

2020 is shaping up to be the year of Divestment, and today is a great day to join in the fun! Right now, students at more than 50 college and university campuses are taking action today for Fossil Fuel Divestment Day and online using the hashtags hashtags #fossilfueldivestmentday & #F2D2. They’re taking a stand and fighting for climate justice by calling on their universities to divest — or withdraw their assets — from fossil fuel corporations. (You can read their op-ed announcing the action in TeenVogue here)

If you’re a student, faculty or administrator at a college or university, we hope you’ll get out and join the #F2D2 actions today. But for everyone else (and everyone in general) there’s another divestment campaign you can support as well – Divestment of our local, state, and federal employees’ pension funds. Click here to write to your local elected officials and demand they divest our public pensions in honor of Fossil Fuel Divestment Day!

Every single one of us is subsidizing the fossil fuel industry with our tax dollars, and we don’t even know it! That’s because nearly all public pension funds in the U.S. are invested in fossil fuel companies. That’s the retirement savings of every public school teacher, every local fire fighter, and all of our Mayors, County clerks, and other hard-working state and local officials being used to prop up the profiteers of climate chaos.

In many cases, the same first responders on the front lines of responding to climate chaos have their retirement funds invested in fossil fuel companies causing the problem.

To make matters worse, state pension funds’ investments in fossil fuels actually place our those workers’ retirement at risk. Fossil Fuel companies are already underperforming compared to the rest of the market. And when the “carbon bubble” bursts, it could cause losses greater than the 2008 financial crisis, according to a recent study.

The Big California pension funds CalSTRS and CalPERS, which represent nearly three million retired teachers, firefighters, police officers, and other public employees, lost more than $17 billion already, costing an average teacher or firefighter $5,572 – $6,072.

That’s probably why “Mad Money” creator Jim Cramer (no friend of the climate movement) recently said, “I’m done with fossil fuels. They’re done.”

One essential step in solving the climate crisis is to move our collective money – bank accounts, retirement funds, insurance coverage all of it – away from the fossil fuel companies that are causing the climate crisis, and instead invest in a just transition to a low-carbon economy based on renewable energy and green jobs. State Treasurers, Governors, and local elected officials have the power to divest these massive state and local pension funds. But they wont act unless we speak out together, and in support of bold youth-led movements like today’s.

It’s time to demand that our elected officials act to freeze all investments in fossil fuel companies and divest public funds from all direct and indirect investments in fossil fuels.

Sign and send a letter to your governor and state legislators urging them to divest pension funds from fossil fuel industries. It is time to stop supporting climate chaos with our retirement money!

Dirty, Dishonest, Dominion Energy #DIVEST!

We had a busy 2 days of action targeting dirty, dishonest, Dominion Energy at their shareholder meeting in Columbia SC this week.

Check out the reportback video on all our actions, or scroll down to read an account of the more than 5 hours of meetings, speeches and actions. Once you see all the stuff we did, I hope you’ll be inspired to chip in $1.98 or more to support us. We’re still about $500 short of our goal for covering costs of all these events.

Here’s a quick budget for your information :

ItemCost
Food for Community supper$100
Bus Transit for Justice First$1000
Flyers, signs and materials$250
previously raised-$143
Donations from other partner groups-$500
TOTAL left to raise:$707

Monday Night – Community forum and supper

Monday night about 50 of us gathered at the historic Zion baptist Church in Columbia (where Dr King once spoke) for a community supper and teach in. We had reports and stories from all over Virginia, South Carolin, North Carolina and beyond about Dominion’s dirty, dishonest past, as well as a briefing on our plans for the shareholder meeting.

Here’s some video clips of the speakers from that night

Mary Cerulli from Mothers Out Front talked about our global power as a movement working with more than $2 trillion in assets to #Divest from fossil fuels and pipelines.

Greg Yost from NC APPPL talked about the fight against the Atlantic Coast Pipeline and how the Carolinas (North and South) are connecting to stop this fracked gas pipeline.

Freeda Cathcart, Indivisible VA talked about the importance of coalitions and working together to make change:

And Finally, Rev Leo Woodberry, from the Justice First tour and New Alpha community development corporation brought it all together in a keynote address that had everyone on their feet marching in one big wave of solidarity by the end.

At the end of Rev Woodberry’s keynote, we had a community supper downstairs, where we heard some more about Justice First’s recent trip to Africa helping communities in Liberia and Sierra Leone set up solar power, and from Chief Pete of the Pee Dee Tribe who talked about struggles with environmental justice during and after the flooding from Hurricane Florence, as well as their concerns about the Atlantic Coast pipeline and harvesting of souther forests for biofuel.

Tuesday – the main event!

On Tuesday we gathered outside the Shareholder meeting and 8 shareholders were admitted in with proxies to address the meeting. The rest of us handed out about fliers And held banners outside so everyone knew our demands. At the end of the Shareholder meeting we held a press conference touching on Dominion activity inside and outside the shareholder meeting.

US Bank broke its promise – Defund Pipelines

If you’re one of the nearly 200,000 people who signed a petition calling on the biggest Wall Street Banks to stop financing the Dakota Access Pipeline, and all fossil fuel infrastructure, you need to see this.

US Bank, which had promised to stop funding DAPL and similar pipeline projects, just made millions of dollars guaranteeing a massive credit deal with Energy Transfer Partners (ETP), the company behind DAPL, the Bayou Bridge Pipeline, and dozens of other dirty pipelines across America.

Will you sign this petition to US Bank CEO Andrew Cecere to keep his promise to end financial support to oil and gas pipelines with our allies at Climate Truth? If you sign today, they and activists in US Bank’s home town of Minneapolis, MN, will deliver it this week.

Last April, a ton of us praised US Bank when they agreed to demands from Indigenous and climate activists (like us) to stop financing major oil and gas pipelines like DAPL. We warned at the time that US Bank was hedging its bets and hadn’t promised to Divest, yet.

But in the closing weeks of 2017, US Bank committed a major betrayal: They signed onto a $5 billion credit arrangement with ETP, the notorious human-rights abusing, climate destroying, pipeline company behind DAPL and some of the dirtiest pipeline on earth.

The decision is as baffling as it is frustrating. Big banks and finance institutions, from New York City’s pension funds to the World bank are divesting from dirty fossil fuels. European banks like ING and BNP Paribas have announced major divestment moves in the weeks since US Bank’s initial announcement. There’s no reason for US Bank to backslide now.

But there is a good reason to turn up the pressure right now: Next month Super Bowl LII is being played in US Bank stadium in Minneapolis. So we’re working with our friends at Climate Truth and local organizers like MN350 and the folks who organized a banner drop at the stadium more than a year ago, to deliver this message bank executives at a high-profile event during Super Bowl week.

Sign the petition now and we’ll deliver it again during US Bank’s biggest publicity event of the year.

We’ve gone big, now it’s time to bring the message home:

Thanks again for being one of the now more than 100,000 people worldwide (!) who have signed on to demand that the Equator banks stop funding climate disasters and respect indigenous rights. Now, it’s time to deliver:

Can you RSVP to host or attend a delivery event with us next week as our big, indigenous-led coalition delivers our message to banks all over the world? Click here to get started.

TD bank protest

Next week (October 23-25) there will be actions at local bank branches in various places in the world, and we want to show the strength of our numbers. Activists will be showing up at local bank branches, representing the greater audience holding banks accountable, and asking whether companies like Wells Fargo, JP Morgan Chase and others will follow BNP Paribas’ lead and #DivestTheGlobe.

Dozens of events are already planned that you can attend or participate in. Or, if you don’t see one near you, sign up to host: Our partners at Mazaska talks have made everything easy for you with simple downloadable materials and toolkits, and online event tools. All you have to do is grab a couple of friends, head to the nearest branch of one of our 90+ target banks and deliver a letter. Or, get as creative as you like – plan a rallyshut down 100 banks in a single daymeet with a local Mayor or elected official to talk about divestment — It’s up to you!

Get started now by clicking here to find or and plan your local #DivestTheGlobe event.

See you in the streets,

Drew and the 198 methods to stop a pipeline crew.

PS – It’s not too late to invite friends to sign the petition! Share this link before Monday to make sure everyone’s comment is included in the delivery events: https://petitions.signforgood.com/EquatorBanksAct/?code=198m