Stop the Money Pipeline coalition: Protesters Occupy Chase HQ

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Stop the Money Pipeline coalition: Protesters Occupy Chase HQ
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Climate Protesters Affiliated With Stop the Money Pipeline coalition Occupy JPmorgan Chase (NYSE:JPM) HQ, Demand Bank End Massive Fossil Fuel Financing

Part of the Stop the $ Pipeline, groups include Rise and Resist and Extinction Rebellion NYC

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Manhattan - Continuing the trend of a rapidly escalating national campaign pressuring Chase Bank to end its financing of the fossil fuel industry, police were called to Chase Bank’s midtown Manhattan global headquarters today as over 75 of protesters from a number of New York City-based climate action groups combined forces under the banner of the new Stop the Money Pipeline coalition to occupy and stage a ‘die-in’ in the bank’s main lobby.

“The climate crisis is here, now, and Chase is by far the single biggest funder of the fossil fuel industry responsible for it,” said Claire Ullman with Rise and Resist. “We are literally talking about the livability of our planet, so this is a fight we cannot afford to lose. These protests will only continue to grow and grow in size until Chase does the right thing and stops funneling hundreds of billions of dollars into more and more oil and gas development.”

Stop the Money Pipeline coalition details

Chase Bank is the world’s top banker of fossil fuels. According to data from Rainforest Action Network’s Banking on Climate Change 2019 report, since the Paris Agreement, JPMorgan Chase has provided $196 billion in finance for fossil fuels. The Stop the Money Pipeline coalition includes a broad cross section of leading national environmental and climate NGOs, as well as Indigenous and youth climate strike organizations. The united campaign to expose Wall Street’s direct role in the climate crisis was launched January 10th at the last ‘Fire Drill Fridays’ protest initiated by Jane Fonda in Washington DC. Fonda issued a direct plea yesterday to Chase CEO Jamie Dimon to take responsibility for his major role propping up the fossil fuel industry.

Dozens of actions and hundreds of arrests targeting Chase have been conducted across the country over the past year, with a clear trend of rapid momentum developing in the direction of singling out Chase for its outsized role in perpetuating the most destructive fossil fuel expansion projects.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
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