We all know Chase’s new policy on Arctic drilling is the babiest of steps; so Rising Tide Chicago birddogged Mellody Hobson, a Chase Bank boardmember who claims to be inspired by social movements like youth uprisings and the anti-Apartheid movement, and concerned about migrant child detention.
We gave her a copy of RAN’s follow-up letter before the dinner, and then got on the mic to ask a follow-up question: “Mellody Hobson, you praised the leadership of the students here tonight, while all young people face a catastrophic future precisely because of Chase bank’s investments in the fossil fuel industry. Chase Banks recent policy limiting arctic oil drilling is a start but we need you to use your leverage to stop all fossil fuel investments. As a Boardmember, will you respond to the demands and next steps we outlined in time for the AGM?”
Unfortunately, she gave us the exact same answer as last time, stating that what happens in the boardroom is private information, but that they look to “serve all their constituents.”
Last month, we asked her to read the 2019 Banking on Climate Change Report and she heard us out. Now that we know she won’t change her line, we’ll have to keep up the pressure.
If you claim to support youth futures, you need to do better than this and stop ALL fossil fuel investments. pic.twitter.com/Mcg3a33QHV
— Rising Tide Chicago (@RisingTideChi) February 28, 2020