A handful of banks such as JPMorgan Chase and Wells Fargo are funding the climate crisis by investing in fossil fuel companies and projects like the KXL and DAPL pipelines, fracking, coal mines, etc. 350 Colorado and allies have been working for 3 years to urge our cities to stop banking with these banks, but currently there aren’t many options.
So we and other groups around the US have started looking at public banking and/or banking with credit unions as a great alternative that keeps $ local, supporting local priorities (instead of fossil fuel projects).
Nov. 6, 2019
To: CO Public Utilities Commission
RE: 350 Colorado statement, delivered by 350CO President Sunni Benoit, regarding Xcel’s 2019 Rate Increase Request
I am speaking today as 350 Colorado’s Board President and on behalf our 18,000+ members statewide to urge you, as you consider Xcel/PSCo’s recent rate increase proposal, to seize this moment to move Colorado forward effectively toward a clean renewable energy future, so that Coloradans can benefit from the significant cost savings, cleaner environment, better health and safer climate that will result.
COLORADO: Colorado’s Public Employees Retirement Association (PERA), which manages the pensions of half a million current and former state employees, and California state pension funds CalSTRS and CalPERS lost over $19 billion in returns by not divesting from fossil fuel stocks ten years ago, according to new analyses performed by media and analysis firm Corporate Knights.