Climate Activists Protest At Federal Reserve’s Jackson Hole Economic Policy Symposium
Each August, the annual Jackson Hole Economic Policy Symposium is a critical gathering of economists, federal bank CEOs, chairmen, and board members, who are making decisions about U.S. financial flows. However, by failing to account for the role of the climate crisis, and propping up fossil fuel investments, they are putting our economy and our communities at risk.
Corporate Commitments, Nice Capitalism, and the Illusion of Change
By Max Link
Imagine you are an investor who seeks financial returns from your investments, but you also care about the environment. Maybe you wear Patagonia as you drive a hybrid car to Whole Foods, where you shop exclusively with your farmer’s market reusable bag. You are a conscious capitalist; you don’t want to fund the climate crisis through your investment and don’t want a dirty portfolio to hang on your consciousness.
At this year’s Jackson Hole Economic Policy Symposium, activists confronted Chairman Jerome Powell with an urgent demand to end fossil fuel finance
Jackson Hole, WY — Activists last night confronted U.S. Federal Reserve Chair Jerome Powell at the Jackson Lake Lodge. Powell was given a clear message, which was recorded on video and shared on twitter, that the Fed must end Fossil Fuel Finance.
Since the Paris Agreement, the world’s 60 biggest banks have financed fossil fuels to the tune of $4.6 trillion.