While here in Wenatchee we are not standing in front of Chase today - there are actions to take anyway. Stay tuned in case there is a light brigade action tonight!
Line 3 would have the climate impact of fifty coal plants; its greenhouse gas emissions would be larger than the entire nation of Argentina. Yet, Wall Street banks recently gave Enbridge, the company behind Line 3, $1.5 billion in “sustainability” loans.
These so-called sustainability loans are the very worst kind of corporate greenwashing. They reward Enbridge for reducing emissions from its buildings and vehicles, but do nothing about the oil that flows through its pipelines and is responsible for 99.99% of its climate pollution.
Wall Street’s dollars aren’t only paying for tar sands pipelines. Enbridge have literally been buying the tear gas, riot gear and rubber bullets that MN police have used to shoot, beat and tear-gas nonviolent Water Protectors. Wall Street is wholly complicit in this abuse.
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. The conclusions were clear: we must immediately phase out fossil fuels.
The United Nations Secretary General, António 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.
Join us in sending a message to Wall Street: greenwashing will not be tolerated — either in the streets or with an email.
In solidarity,
~ the Stop the Money Pipeline team
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