Just this week, Chairman Jerome Powell announced that the Federal Reserve (aka the Fed) will “stick to its knitting” and not be a “climate policymaker.”1
The entire purpose of the Federal Reserve is to protect the U.S. economy from financial risk, including climate change. They don’t get to stay on the sidelines.
It’s obvious the Fed isn’t hearing us – yet. We need to make our demands for the Fed to take immediate steps to stop fossil fuel finance and promote investment in clean, just, renewable energy impossible to ignore.
That’s where faxes (and you) come in.
Faxes are even more disruptive and more difficult to avoid than emails. By flooding the Fed with faxes, they’ll see just how loud and powerful our movement against fossil fuels is.
The climate crisis poses a grave threat to every aspect of our economy and our everyday lives, which is why our entire banking system needs to divest from the fossil fuel industry and reinvest resources into a clean, just, renewable economy.
The Fed has the power to make that happen – but only if they change their current draft principles from recommendations into requirements and meet the climate crisis with urgent, meaningful action.
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350.org is a global movement that fights for a just and equitable world by stopping the fossil fuel industry from continuing to destroy our climate.