Fossil Free Finance

LONDON, UNITED KINGDOM - 2021/09/02: A protester wearing a mask holds an anti-fossil fuels banner during the demonstration outside the Bank of England. Extinction Rebellion protesters marched through the City of London to the Bank of England, part of their two-week Impossible Rebellion campaign calling on the UK Government to act meaningfully on the climate and ecological crisis. (Photo by Vuk Valcic/SOPA Images/LightRocket via Getty Images)

Fossil Free Finance Project Description Document

 

General Description

Lead: Jud Lawrie. Send email to Jud: click here.

A TA Central planned campaign to get the financial sector to stop financing fossil fuel expansion.

Positive Effect on the Climate Crisis

The financial sector is the biggest funder of the fossil fuel industry, to the tune of billions and trillions of dollars. The intention of this campaign is to influence the big banks and other large organizations to seek better, more responsible “green” investments.

Goals

Work with TA Central to implement various strategies and tactics designed to reduce and eventually end the funding that supports the fossil fuel industry,

Activities

* Banking on our Future: Pledge, LTEs, Engage Banks
* Costco/Citi Credit Card Campaign
* State legislation: Pension divestment, Insurance
* Responsible Finance: Get new credit cards, support cohorts
* Shareholder Season: Vote your shares: https://www.iconikapp.com/third-act
* Influence banks’ large clients (companies, cities, and/or universities) to pressure the Big 4 Banks (coming soon)

Develop opportunities for collaboration with other VT organizations engaged in similar activities.

Activities

* Seek collaborative opportunities with organizations such as 350VT, VPIRG, VNRC, VCA, and Sierra Club Vermont.
* Identify major VT organizations to target for this campaign.
* Develop effective strategies and tactics for influencing those targets.

Note: The Costco/Citi Credit Card Campaign is currently underway. TA Central has not yet detailed all the components that will be included in the other campaigns listed above.

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