Bill McKibben: This Earth Day, we must stop the fossil fuel money pipeline. Taking down the fossil fuel industry requires taking on the institutions that finance it. Even during a pandemic, this movement is gaining steam. Stop the Money Pipeline, a coalition of environmental and climate justice groups running from the small and specialized to the Sierra Club and Greenpeace, formed last fall to try to tackle the biggest money on earth. Banks like Chase – the planet’s largest by market capitalization – which has funneled a quarter-trillion dollars to the fossil fuel industry since the Paris agreement of 2015. Insurers like Liberty Mutual, still insuring tar sands projects even as pipeline builders endanger Native communities by trying to build the Keystone XL during a pandemic. This campaign sounds quixotic, but it seemed to be getting traction until the coronavirus pandemic hit. In January, BlackRock announced that it was going to put climate at the heart of its investment analyses. Liberty Mutual, under similar pressure from activists, began to edge away from coal. And Chase – well, Earth Day would have seen activists engaging in civil disobedience in several thousand bank lobbies across America, sort of like the protest in January that helped launch the campaign (and sent me, among others, off in handcuffs). But we called that off.
Guardian 22nd April 2020 read more »
Yes Magazine 22nd April 2020 read more »