350 Wenatchee Climate Conversations NCW

This Tuesday is a big day: Citi, Wells Fargo, and Bank of America all have their annual general meetings, where shareholders will vote on important resolutions pushing the banks to stop funding fossil fuel expansion. As major institutional investors, State Treasurers have a big role to play in these votes – and we need them to vote yes.

Can you email your State Treasurer now and demand they vote yes on the “No Expansion” resolutions this upcoming Tuesday?

Despite public climate commitments, large American banks continue to provide billions of dollars in financing to the companies expanding their fossil fuel operations. Without financial support from the big banks, fossil fuel companies simply would not be able to build new coal, oil, and gas infrastructure. Banks could turn off the money spigot tomorrow, but they won’t do so without real pressure from the public and their investors.

That’s where your State Treasurer comes in. As major institutional investors, Treasurers have a large vote at the upcoming annual general meetings. If they vote yes on the No Expansion resolutions, it’ll send a clear signal to banks that their shareholders are demanding real change.

It’s critical our State Treasurers hear from us by Tuesday, when they’ll cast their first votes at the Citi, Wells Fargo, and Bank of America meetings.

Take one moment to send an email to your Treasurer now, telling them you need them to support the “No Expansion” resolutions!

State Treasurers have a duty to their constituents. They need to pursue policies that keep us (and the public pension funds they manage) safe. Investing in fossil fuel expansion is simply too risky. More fossil fuel expansion means more climate catastrophe. What’s more, we know that fossil fuel projects built now will have to come offline before the end of their economic lifespan – and if our public dollars are invested in fossil fuels, we’ll be left holding the bag when these projects don’t produce their expected returns.

Our State Treasurers have an obligation to vote yes on the “No Expansion” resolution to keep our communities and our public money safe.

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