Rising Tide Chicago Bird-dogs JPMorgan Chase Board Member Again!

cross-posted from Rising Tide Chicago

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.

BREAKING: Chase Bank Branch in Chicago Shut Down for Being the #1 Funder of the Climate Crisis, Part of International Week of Climate Action

Pic via Rising Tide Chicago

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

217-720-9803, jccrowley@gmail.com

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.

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Chicago: Indigenous & Climate Activists Disrupt Chase Meeting

Our Native communities bear the brunt of impacts from tar sands pipelines, like Line 3.” – Dallas Goldtooth, Indigenous Environmental Network

JPMorgan Chase is banking on climate change and fossil fuels. We’re banking on fierce resistance to Big Oil, Big Coal and the Wall street banks funding them.

Today, Indigenous and climate activists converged at the JPMorgan Chase Tower in Chicago to disrupt the mega-banks annual shareholder meeting. JPMorgan Chase is the worst funder of fossil fuels (oil, gas, coal) in the world. Since the Paris climate talks in 2015, they’ve put almost $200 billion dollars into fossil fuels. (That’s right, $200 BILLION with a big “B.”)

wheat pastes in Chicago. courtesy of a guerrilla art crew.

The morning started with wheat paste posters put out along Chicago sidewalks outside the shareholder meeting with a clear message for Chase: “You’re the Worst!”

A delegation of Indigenous leaders and environmentalists entered into the meeting to directly confront Chase’s CEO Jamie Dimon. Inside, they read him statements, facts from the “Banking on Climate Change” report, delivered a letter signed by over 300 civil society groups and then two activists were escorted out after chanting “Defund climate change, stop funding fossil fuels.”

Meanwhile outside over a hundred people gathered in protest of Chase’s investments in fossil fuels. Speakers from a variety of groups spokes, chants were chanted and signs, banners and beautiful art were put on display.

Then Indigenous leaders led the crowd to block the entrances of Chase Tower. They held the space, forcing Chicago police to move out of the way, while speakers continued to speak. Eventually they left with no arrests.

As Amelia Diehl from Rising Tide Chicago said “Chicago is at the epicenter of a dirty pipeline system, much of it funded by Chase Bank, and we are showing that resistance is more powerful than extractive industries. By funding pipelines that spill, Chase Bank is directly responsible for putting the water source of over 30 million people in the Great Lakes watershed region at risk.

JPMorgan Chase is the worst funder toxic fossil fuels and destructive infrastructure projects. Communities are now rising up to hold them to account and shut down the flow of money into dirty energy.

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Rising Tide Chicago tells Chase Bank: “The Great Lakes are not an ATM”

Cross-posted from Rising Tide Chicago

Chicagoans tell Chase Bank: “The Great Lakes are not an ATM”

Chase plan risks contaminating the Great Lakes with dirty Tar Sands oil; Residents tell Chase Midwest Chair Melissa Bean to halt project.

Chicago, Ill. (Feb. 23, 2019)This Saturday, members of Rising Tide Chicago stood outside of a Chase Bank in Bridgeport to educate concerned citizens about the bank’s funding of dirty Tar Sands oil and humans rights and Indigenous rights abuses. Chase Bank is the #1 Wall Street funder of the dirtiest fossil fuels on the planet. Chicagoans were invited to sign postcards addressed to Chase Midwest Chair Melissa Bean, demanding that the bank pull their funds from the fossil fuel industry in favor of just and sustainable infrastructure.

“Last year the IPCC’s report confirmed we have twelve years to avoid the most drastic effects of climate change, and we must keep fossil fuels in the ground. We want to make sure Melissa Bean is prioritizing a transition away from fossil fuels, starting with sources like tar sands, one of the most carbon-intensive form of oil that also pollutes Lake Michigan, our drinking water,“ said Angie Viands, organizer with Rising Tide Chicago.

Rising Tide Chicago stands with Indigenous communities and tribal governments who have not consented to fossil fuel pipelines that directly threaten their resources. Chase Bank finances Enbridge’s highly contested Line 3 pipeline, its controversial extension, and other nearby pipelines around the Great Lakes, posing an urgent threat to the region’s water sources.

Chase customers were asked to share social media photos with their own “#ChaseStatement” urging Chase to stop financing dirty energy.

Rising Tide Chicago plans to continue these actions in the city, in partnership with local environmental and climate justice organizations. This action is one of many growing efforts across North America to demand banks divest from fossil fuel projects and finance a swift transition to renewable energy.

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