It’s less than two weeks until the start of the most important climate talks since Paris. Here’s your Deadline Glasgow campaign newsletter, with all the latest from the Stop the Money Pipeline team:

People vs Fossil Fuels

Last week was a hell of a week in the nation’s capital. Over five days, 655 people were arrested in the largest wave of climate disobedience in nearly a decade.Organized by our friends at the Build Back Fossil Free coalition, the message to Joe Biden was loud and clear: Reject fossil fuels and declare a climate emergency.

Highlights of the week included Indigneous activists occupying the Bureau of Indian Affairs, the redecorating of a statue of Andrew Jackson and dozens of youth engaging in civil disobedience as they demanded climate justice. To stay tuned with what is next, make sure and sign up for updates from the Build Back Fossil Free coalition.

October 29th, Fossil Free Future Day of Action

Not content with the historic wave of action in DC, youth climate organizers are calling for a massive day of action to target the funders of climate chaos on October 29th.

There are actions happening in New York, San Francisco, Seattle, Boston and at least a dozen more cities across the country. Find an event near you and RSVP.

The actions on October 29th are youth-led and youth-centered. We know that banks like JPMorgan Chase care a whole lot about what young people think ― they spend tens of millions a year marketing to them. So let’s make sure that we back up the youth, take to the streets and make the Fossil Free Future day of action as powerful as possible.

Customers for Climate Justice

Less than three weeks ago, we launched our Customers for Climate Justice campaign. Since then, nearly 7,000 customers of Chase, Citibank, Wells Fargo and Bank of America have signed our Open Letter to CEOs.

Do you bank with Chase, Citibank, Wells Fargo and Bank of America? Join the campaign and sign on to our open letter, demanding an end to fossil fuel financing here.

Baby steps: movement from our targets

Just today, AXIS Capital became the first North American insurance company to commit to phase out all of its coal business in line with a 1.5ºC pathway. Amplify the news here.

Last week, JPMorgan Chase, Wells Fargo and the six largest Canadian banks joined the “Net Zero Banking Alliance”. This is a step forward; however, unless banks like Chase and Wells Fargo stop funding fossil fuels, joining groups like the Net Zero Banking Alliance is little more than greenwash.

Fortunately, this week, another bank showed the way: Banque Postal, a French bank that serves more than 10 million customers, became one of the first in the world to commit to completely stop funding all oil and gas projects.

Read our blog about what this recent spate of bank announcements means.

Biden and Fossil Fuel Funding

Back in May, the Biden Administration issued an Executive Order directing multiple federal agencies to come up with strategies to mitigate “climate-related financial risk.” A major strategy called for in the Executive Order is supposed to be coming from the Financial Stability Oversight Committee (FSOC) on Thursday.

Stop the Money Pipeline coalition partners will be looking for the strategy to explicitly name fossil fuel financing as a risk to our economy, as well as our planet. We’ll also be looking to FSOC and the Biden Administration for clear plans to manage an end to fossil fuel financing among financial institutions. Stay tuned…

Take Action Team

Nearly one month ago, Stop the Money Pipeline launched our Text Action Team. Since then, the team has made close to 1,000 phone calls to Wall Street CEOs, demanding that they stop funding fossil fuels. Sign up here to join our Stop the Money Pipeline Text Action Team!

Once you sign up, you’ll receive one text each week, asking you to take a quick digital action.

Divest-Invest

The fossil fuel divestment movement has reached new heights. In the past month, Harvard University, Boston University, the Ford Foundation, the MacArthur Foundation and many more have committed to divesting from fossil fuels. Join Stop the Money Pipeline coalition partners on October 26th 2021 at 11am EST/ 2pm PST for a major press conference, outlining the progress of the divestment movement.

Pinkwashing

Our friends at Breast Cancer Action have launched a campaign calling out one of the world’s largest breast cancer awareness organizations for its toxic partnership with Bank of America, one of the world’s largest funders of the cancer-causing fossil fuel industry. Check it out here.

Climate Reparations

STMP coalition partner, Positive Money US is hosting, “The Case for Climate Reparations.” On the webinar, Dr Keston Perry and Asad Rehman will discuss what responsibility Global North bears in making climate reparations, the role the banking system plays in facilitating the exploitation of nature and communities to benefit high-income nations and how climate reparations can work in practice.

The Case for Climate Reparations is on Wednesday, 27th October @ 11am PST / 2PM EST RSVP here.

Whew, there is a lot going on. But with the Glasgow Climate Talks, starting in just 11 days, we’ll be continuing to keep the pressure on.

We hope to see you on the streets next Friday.

In solidarity,
~ the Stop the Money Pipeline team

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