The nationwide protests called on the banks to end their investments in oil and gas expansion. Together, those four banks have invested more than a trillion dollars in fossil fuels since 2016.
Bob Schroeder with 350 Juneau saws a model Wells Fargo credit card in half outside of the bank’s downtown Juneau branch on the national “Stop Dirty Banks Day of Action” on March 21, 2023.
Schroeder revved the chainsaw over an intensifying drumbeat and then sliced the card in two, tossing the pieces onto the street.more than 100 protestsDemonstrators aimed to draw attention to the connection between the fossil fuel industry and big banks like Wells Fargo, CitiBank, Chase Bank and Bank of America, the owner of the popular Alaska Airlines credit card.
Kate Troll agreed. She said she’s already made conscious choices about her financial portfolio, deciding to move money to things like renewable energy investments. The next step, she said, might be ditching her Alaska Airlines credit card.Both Wilson and Troll are retirees, along with many of the nation’s demonstrators yesterday. The protests were organized byThat demographic is well-suited to lead the charge against banks.
And much of the project’s financing will likely come from huge banks. ConocoPhillips has received $10 billion from these four banks since the signing of the Paris Agreements.
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