Urge Central Bankers to Defend People and Planet, NOT Big Oil and Gas

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Urge Central Bankers to Defend People and Planet, NOT Big Oil and Gas

Jerome Powell (Federal Reserve), Kevin Stiroh (of the Federal Reserve Bank of New York), 63 Central Bank Governors, Bank of International Settlements (BIS) Secretariat

We are at a decisive moment in our battle against the climate crisis.

Our financial systems—created to foster prosperity and ensure stability—are instead enabling the destruction of our planet, our communities, and our future. The crux of the issue is the fossil fuel industry’s undue influence over our global economy.

This is where our own Federal Reserve, a member of the Bank for International Settlements (BIS) and one of 63 central banks worldwide, has a vital role to play. They hold the levers of our financial system, controlling the flow of money that fuels damaging fossil fuel exploration, expansion, and deforestation. It's time we demand they use this influence responsibly.

Sign the petition today: Defend People and Planet, NOT Big Oil and Gas!

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Stop The Money Pipeline

To: Jerome Powell (Federal Reserve), Kevin Stiroh (of the Federal Reserve Bank of New York), 63 Central Bank Governors, Bank of International Settlements (BIS) Secretariat
From: [Your Name]

End fossil finance and the exploitation of people and the planet:

1. Adopt the one-for-one rule (higher capital requirements for all new fossil fuel projects);

2. Enforce new bank obligations to respect communities’ and Indigenous peoples’ right to say no to fossil exploitation on their land;

3. Rewrite financial rules to ban financing for any industrial development in critical ecosystems.

4. Exert strongest pressure on Finance Ministers of the G7 and G20 to play their part in securing a just and resilient financial system, by immediately addressing Global South debt issues and repairing loss and damage caused by fossil fuels

Our demands are clear: End fossil finance. Uphold human rights. Prioritize environmental protection. Adopt a precautionary and forward-looking approach. Cancel colonial debt and repair the loss and damage caused by burning fossil fuels. Decolonize international finance.