Letter Delivery to 3 Local JPMorgan Chase Branches--#DefundDisaster

Start: Wednesday, April 10, 201910:00 AM

Join Bronx Climate Justice North on April 10 for #DefundDisaster, a national wave of actions demanding that banks stop funding the climate crisis by bankrolling fossil fuel projects across the U.S.

Action Details: Beginning at 10 am, folks will go to 3 local JP Morgan Chase branches in the Riverdale/Kingsbridge neighborhood of the NW Bronx, to deliver letters to the branch managers demanding that Chase cease funding fossil fuel projects in the United States. Let's meet at 10 am at the Chase bank branch at 13B Knolls Crescent, just off of Kappock St in Riverdale. Feel free to bring your own letter to each branch manager, but we will also have a letter from all of us as a group. After delivering our letter(s) at the Knolls Crescent branch, we'll go to the Chase branch at 3775 Riverdale Avenue, followed by the Chase branch at 5581 Broadway in Kingsbridge.

Background: JP Morgan Chase is one of the most destructive businesses on the planet. Since Trump took office Chase has quadrupled its investments in tar sands oil and increased its financing of coal by over 2,000%. Yes, the hurricanes and wildfires are raging, but profits are profits, right?

It gets worse: Not only is Chase ignoring the demands of the planet itself but they have steamrolled the demands of their own shareholders. In 2018, Chase blocked its shareholders from voting on a resolution that would have forced the bank into completing a study into the financial, reputational and climate risks associated with its investments in tar sands.

Like other corporations, JPMorgan Chase and other Wall Street financial institutions are sensitive to public opinion. They have brands to protect, and customers to retain. When we unveil their complicity in the destruction of our climate, we threaten their cherished profits, and ability to attract customers. And, the more we are able to do this, the more we are able to increase the reputational risk -- and thus financial risk -- that JPMorgan Chase takes on in financing new fossil fuel projects. In doing so, we make investing in new pipelines and coal terminals seem less and less attractive to the banks.

Fossil fuels make up only 1% to 4% of the major banks' total assets. If enough of us take action and make our voices heard, investments in these heinous projects will simply no longer be worth it for the banks.

And so on April 10th, we, along with hundreds of other climate groups across the country, will take collective action to remind the world that Wall Street profits must not come at the expense of our climate, ecosystems, and human rights.