350 National is organizing an action at each of the 12 locations of the Federal Reserve Bank, including in Chicago. To participate, we at 350 Chicago are helping to organize our version in cooperation with Rising Tide Chicago, 350 Madison, and Extinction Rebellion Chicago. Can you join us? You can RSVP here.
We will be meeting at Pritzker Park (310 s. State Street) by 2PM prior to marching to the FED. The Action will conclude at 4 PM.
The campaign demands President Joe Biden appoint a climate champion as Fed Chair, and for the Federal Reserve to:
- End bank fossil fuel finance: Use existing regulatory and supervisory tools to begin limiting and phasing down the financing of emissions.
- Divest and invest: Align Fed spending and asset purchases with the Paris Climate Agreement’s goal of limiting temperature rise to 1.5°C
- Push banks to invest: Encourage and support bank investment aimed at limiting global temperature rise to 1.5°C, with a particular emphasis on lending to low-income communities and communities of color.
“Building a Fossil Free Federal Reserve is a key tool in our climate recovery toolbox,” said Tracey Lewis, Senior Climate Finance Policy Analyst with 350.org. “We’re launching this campaign because climate chaos is a disaster for all of us, including the economy. Not only does the Fed have legal authority to stop fossil fuel finance — it’s their responsibility.”