While most big banks have recently begun to divest from coal mining companies, U.S. Bank has not, and has refused to substantively engage on climate issues. It’s time to Move Your Money from U.S. Bank until they decide to Fund Solutions, Not Pollution. U.S. Bank needs to put its business practices where its mouth is and invest in the well-being of our communities and climate.
This action is in response to the Corporate Accountability Week of Action MN350 held in February 2016 in partnership with a local coalition of racial and economic justice groups, Minnesotans for a Fair Economy, and national divestment groups.
Banks are in a unique position to help stop fossil fuel extraction and speed the transition to a renewable economy. Now that the price of wind and solar power has fallen dramatically, that transition is truly possible. At the same time fossil fuels are losing ground: many companies that deal in carbon are reporting losses, filing for bankruptcy, and laying off workers.
Coal, oil and gas are not just bad for the people and the planet, they are a bad investment. As the custodians of our money, banks need to be held accountable for their actions.
U.S. Bank likes to think of itself as an ethical bank that “does the right thing.” We are asking U.S. Bank to stop enabling the fossil fuel industry, and instead to help make the transition to a just, clean energy economy that is accessible to low-income communities.
To learn more about our campaign and how to participate, visit U.S. Bank Accountability Campaign.