Keystone XL Opponents Target Banks Funding Climate Destruction
Above Photo: After fierce nationwide opposition forced the Obama administration to halt the Keystone XL pipeline, President Donald Trump has given it the green light and the climate movement has vowed to fight it once again. (Image via Rainforest Action Network)
Week of action calls on financial institutions to divest from the controversial pipeline
Kicking off a week of actions targeting the institutions financing the controversial Keystone XL (KXL) tar sands pipelines, activists on Saturday protested at banks in 25 cities to shine a spotlight on the roll they are having on climate destruction.
“It’s back—and so are we,” reads the call to action. After fierce nationwide opposition forced the Obama administration to halt the project, President Donald Trump has given it the green light and the climate movement has vowed to fight it once again.
The peaceful demonstrations are “designed to shine a spotlight on the the four key financial institutions bankrolling the KXL pipeline— Citibank, JPMorgan Chase, Wells Fargo, and TD Bank—and pressure them and the broader financial community to pull out and ‘defund’ the project,” said the Rainforest Action Network, which is organizing the week of protest.
In addition to demonstrating outside banks, activists across the country are also planning a banner drop in Los Angeles and a protest targeting local government in San Franciscothroughout the week of action, which will culminate on Earth Day. Find an action near you here.
“The KXL is a bad idea, full stop. It’s bad for the climate, for clean water, and for communities all along the route of this pipeline,” said Rainforest Action Network’s Scott Parkin.
“This is part of the Trump plan to ‘unleash fossil fuels’ in the U.S., which is terrible on every level—it flies in the face of science and the very real climate change crisis; it shackles the U.S. to an outdated and dirty energy system; it sets us back in the race to lead in clean energy technology; and it’s an environmental disaster waiting to happen,” Parkin continued. “Because pipelines fail, all the time. And we will be stuck with the toxic mess and the bill—while the oil industry friends of the president and the secretary of state get even richer.”
Activists will share updates and images from the week of action on social media with the hashtag #defundKXL.
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