Chase Bank Branch at 150 N Michigan Shut Down for Being the #1 Funder of the Climate Crisis, Part of International Week of Climate Action
Media Contact: Colin Crowley
CHICAGO, IL –A Chase Bank branch at 150 N Michigan in downtown Chicago was shut down when three people locked to one another and refused to leave the bank. This action was taken because Chase Bank has increased its investments in fossil fuels since the Paris Climate Accord, and because scientists from the Intergovernmental Panel on Climate Change have issued a report stating that we have just 11 years to stop using fossil fuels and pull back from the brink of the climate crisis.
This direct action is part of a week of international climate action from Sept. 20-27 in which youth are striking for climate and asking adults and decision makers to join them in protest and to take swift and bold action to address the climate crisis.
The Chicago protest organized by Rising Tide Chicago included concerned Chicagoans outside the bank supporting those inside by chanting, holding signs and banners and passing out information to passersby. Organizers of the event highlighted Chase’s role as the number one funder of fossil fuels, how the bank has doubled down on financing fossil fuels in the past three years, and the bank’s role in funding new fossil fuel infrastructure projects like Line 3 in Minnesota and deforesting of the Amazon Rainforest, both of which threaten the traditional way of life of Indigenous people.
“Direct action is currently needed to interrupt the climate crisis we are facing,” said Colin Crowley, one of the participants in the protest. “The science is clear about what we need to do in the next 10 years to provide a liveable earth for current and future generations, yet Chase Bank continues to prioritize profits over people and planet by continuing to funnel billions of dollars into the fossil fuel industry.”
Rising Tide Chicago is a local group that is part of a global grassroots network that uses education and direct action to address the root causes of climate change. Rising Tide Chicago is working with other groups across the U.S. to pressure Chase Bank CEO Jaime Dimon to divest from tar sands oil immediately, respect the rights of Indigenous groups and fully divest from fossil fuels within ten years.