Money Talks, and So Does Solidarity!
by Melinda Tuhus, New Haven Stands with Standing Rock
[As this issue of the PAR newsletter went to press, we received notice about the following event. We are printing it so people can be aware of the various local banks that are funding fossil fuel projects in the U.S. and other countries. For more information about this rally and future plans for New Haven Stands with Standing Rock, please e-mail firstname.lastname@example.org.]
Rally Wednesday, Oct. 25, 4:30-5:30 p.m., beginning on the New Haven Green, corner of College and Chapel streets. Then walk 3 blocks to visit 3 banks. The reason is that next week, 92 of the world’s largest banks are meeting in São Paulo, Brazil, to discuss environmental and social risk management policies regarding the climate and indigenous people’s rights to “free, prior and informed consent.”
Mazaska Talks (“Money Talks” in Lakota) is calling for global actions on October 23-25 focusing on banks that are funding fossil fuel projects that are endangering indigenous lands, water and cultures, and our global climate. Indigenous groups and the Fossil Free divestment movement started by 350.org have led individuals, organizations and local governments to withdraw billions of dollars from these banks. In the most recent success, in early October, BNP Paribas — Europe’s second largest bank — announced it is cutting funding to tar sands, all tar sands pipelines, fracking, LNG (liquefied natural gas), and Arctic oil projects. This kind of pressure works.
Join New Haven Stands with Standing Rock (NHSwSR) as we focus on banks in our community that are making these destructive investments. We will meet on the Green at the corner of College and Chapel streets, then pay a visit to TD Bank, Bank of America and Wells Fargo Bank, where we will highlight our campaign asking the city to move its $3 million a day operating budget out of Wells Fargo to a bank that prioritizes investments in our community. Wells Fargo just announced a drastic 18 percent drop in its third quarter earnings related to penalties it’s had to pay for its many unethical practices, putting taxpayers’ money even more in jeopardy.
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