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Did you see the IPCC report today? The short version is that it says we need to move away from fossil fuels much faster than we have been in order to prevent climate chaos. But while time is short, progress is possible because of the falling costs of clean energy.

What's missing, of course, is a massive investment in those cheaper, endlessly available clean energy sources. You know we've been pushing hard to get President Biden to follow through on his pledge to build back fossil free and use the power of the federal government to scale up clean energy production.

But there's another pathway to avoid climate chaos: Wall Street.

Over the last few years every one of the biggest banks has signed the Paris Climate agreement and pledged to stop investing in climate chaos. But instead of following through, last year the six largest Wall Street banks alone provided over $220 billion in financing to coal, oil, and gas corporations.

That's why we’re teaming up with Stop the Money Pipeline, a national network of divestment campaigners, to demand U.S. banks and insurance companies to immediately end all financial services for any company that is engaged in expanding fossil fuel operations. Will you sign here to join us?

The expansion of the fossil fuel industry comes with a long and shameful history of environmental racism, widespread violations of Indigenous rights, and the poisoning and polluting of low-income communities across the world.

The Dakota Access & Line 3 pipelines, along with Formosa Plastics, and countless other fossil fuel boondoggles, are all examples of projects that were forced upon Tribal Nations, First Nations and Indigenous Peoples without consent, threatening communities, waterways, and sacred lands in the process.

For banks and insurance companies to deliver on their support of the goals of the Paris Agreement, they must stop supporting the expansion of such a toxic industry.

Sign the petition and join the campaign — the first step to getting out of a hole is to stop digging it deeper. Tell U.S. banks and insurers to stop funding fossil fuel expansion NOW!

Sincerely,

Drew and the 198 methods and divestment is a direct action crew

Images in this email are from STMP arts actions happening now. Click here to learn more and meet the artists.

Sources:

1. https://www.nytimes.com/2022/04/04/climate/climate-change-ipcc-un.html
2. https://www.198methods.org/2022/03/11/sign-now-use-the-defense-production-act-to-build-a-clean-energy-arsenal-of-freedom/
3. https://www.bankingonclimatechaos.org/
4. https://stopthemoneypipeline.com/moment-of-truth/
5. https://www.198methods.org/2017/02/07/check-out-what-you-did-to-defunddapl/
6. https://www.198methods.org/2021/03/12/show-up-now-to-defund-line-3/
7. https://www.198methods.org/2022/03/23/defund-formosa-plastics/ 

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198 methods is an experiment in melding online and direct action styles of organizing, with an emphasis on developing new projects and partners. You can learn more about us at our website, www.198methods.org