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PRODID:-//Extinction Rebellion Boston//Action//
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SUMMARY:Fossil Free Fuel Day of Action
DTSTART:20211029T194500Z
DTEND:20211029T214500Z
DTSTAMP:20260409T043141Z
UID:936@https://xrboston.org
CREATED:20260409T043141Z
DESCRIPTION:Event details: https://xrboston.org/action/solidarity-fossil-f
 ree-fuel-day-action/\n\nXR Youth Boston has joined with the Boston Climate
  Finance Coalition\, to call out Chase Bank and Liberty Mutual for funding
  the destruction of our planet.  \n\nThe role of the big banks in the clim
 ate crisis is not surprising. These are banks\, after all\, that profit fr
 om our student debt\, prey on and exploit communities of color\, and inves
 t in countless industries that undergird massive inequality. However\, the
 y aren’t invincible\, and it doesn’t have to be this way. Banks\, like
  all companies\, care about their public image and reputation.\n\nJPMorgan
  Chase\, our primary target in the U.S. and the largest financier of fossi
 l fuels in the world\, cares very deeply about being perceived as a good c
 orporate actor. CEO Jamie Dimon is a Trump critic and so-called CEO who ca
 res. JPMorgan Chase is vulnerable to how we think\, feel\, and act.\n\nTha
 t’s why on October 29 young people are calling on megabanks and other fi
 nancial institutions — particularly JPMorgan Chase in the U.S.\, and Sta
 ndard Chartered\, Royal Bank of Canada\, BlackRock\, AIG\, Lloyds of Londo
 n\, Barclays\, HSBC\, Deutsche Bank\, Credit Suisse\, and MUFG internation
 ally — to immediately stop funding fossil fuel expansion. Our movement a
 ims to create severe reputational\, political\, and economic costs to bank
 s that continue to enable the fossil fuel industry.\n\nAnd let’s be clea
 r\, we will not be satisfied by the usual laundry list of empty promises p
 ropped up by fancy words and flashy campaigns. JPMorgan Chase\, along with
  peer institutions\, says they will commit to “net-zero by 2050.” Net-
 zero by 2050 means that\, at least on paper\, by 2050\, an entity would ne
 ed to stop contributing more pollution to the atmosphere than it is able t
 o draw down. This doesn’t stop them from continuing to finance new fossi
 l fuel infrastructure\, which will release more carbon and pollution into 
 the atmosphere\, while still saying they have “climate commitments.” T
 hey are greenwashing — giving us empty promises and policies we don’t 
 need in order to distract us from the fact that they are taking no real re
 sponsibility or action.\n\nThe executive director of the International Ene
 rgy Agency\, which recently authored a report on achieving net-zero by 205
 0\, told the Guardian in May\, ”If governments are serious about the cli
 mate crisis\, there can be no new investments in oil\, gas\, and coal\, fr
 om now – from this year.” There are no excuses.\n\nThis fight isn’t 
 new\, and we’ve won before. Because of the powerful organizing of Indige
 nous leaders\, no major U.S. bank will fund drilling in the Arctic Nationa
 l Wildlife Refuge. In addition\, for the last decade\, college students ha
 ve been leading the charge to get universities to divest nearly $15 trilli
 on. In fact\, Harvard University just announced earlier this month that it
  plans to allow its remaining fossil fuel investments to expire. We’re b
 uilding on the work that’s been done by so many in the movement and call
 ing on you to be part of the next wave of organizing focused on a Fossil-F
 ree Future.\n\nBy going after the banks that are financing fossil fuel ext
 raction\, we’re cutting off the money pipeline that is the fossil fuel i
 ndustry’s only hope of survival in a world that is eager to transition t
 o clean energy. We’ve seen the limitations of moral and pragmatic appeal
 s: Fires burn down homes\, hurricanes destroy coastal communities\, heatwa
 ves kill our grandparents\, tsunamis take human life. And yet\, the money 
 from banks keeps flowing. That’s why on October 29\, we need you to join
  us in bringing our demands to JPMorgan Chase and other financial institut
 ions. The money that fuels the fossil fuel industry ends here. A Fossil-Fr
 ee Future is possible and it starts now.
LAST-MODIFIED:20211027T213319Z
LOCATION:175 Berkeley Street\, Boston\, MA
ORGANIZER;CN="Extinction Rebellion Boston":MAILTO:outreach@xrboston.org
URL:https://xrboston.org/action/solidarity-fossil-free-fuel-day-action/
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