Third Act Sacramento to Hold Halloween Protest in Costumes of Species Endangered by Climate Change
The Third Act Sacramento Banking Campaign will hold a street protest to pay homage to species endangered by climate change accelerated by JP Morgan Chase bank. The activists will meet on Monday, October 31, from 11:45 a.m. to 1 p.m. at 1300 21st Street at the intersection of Capitol Avenue.
As the world’s largest lender to fossil fuel companies, with $382 billion in loans since the Paris Accords, Chase must be confronted with the mounting climate-related deaths in which they are complicit. Climate change affects at least 10,967 species worldwide, according to the International Union for the Conservation of Nature.
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The Bramble Cay melomys (Melomys rubicola) is the first mammal to have gone extinct as a direct result of climate change. Its habitat was destroyed by rising sea levels.
In California, 25 species are threatened with extinction directly due to loss of habitat from rising temperatures on land and in the Pacific Ocean, according to the U.S. National Parks Service. The western burrowing owl, Sacramento River winter Chinook salmon, Delta smelt, grey whales, Central California coast steelhead trout, and sea otters are a few examples of species endangered by climate change.
“JP Morgan Chase’s loans expand new fossil fuel operations and show that Chase is not committed to maintaining a livable future by limiting global warming to 1.5 degrees,” stated Goli Sahba, co-chair of the banking campaign.
Chase Bank is the top lender to fossil fuel companies out of the 60 financial institutions worldwide studied by Rainforest Action Network. Chase is followed by Citigroup, Wells Fargo, and Bank of America. In the last five years, these four banks loaned to fossil fuel companies $382 billion, $237 billion, $223 billion, and $198 billion respectively. In total, since the Paris Climate Accords were signed, Chase, Citi, Wells Fargo and Bank of America have loaned the fossil fuel industry a trillion dollars.
Without these loans, coal, oil, and gas would stay in the ground. And Wall Street banks could loan money to clean energy companies.
Chase Bank CEO must heed the calls of so many customers who are asking for divestment of their savings from fossil fuels in view of the deaths multiple species from climate change. Bank customers see the direct connection between Chase’s lending practices and the decline in the populations of sea life, birds, and mammals affected by rising temperatures.
“With our efforts, tens of thousands of Americans have so far pledged to close their accounts in these Wall Street banks if they do not stop loaning money to fossil fuel companies by early 2023,” explained Ferris and Sahba.
Press Contact: Pat Ferris 916-704-6062.
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