Topic

banks

28 petitions

Update posted 2 days ago

Petition to Governor Gavin Newsom, California State Senate, Califonia State Assembly

Support the California Public Banking Alliance legislation to create local public banks

Across the nation, the momentum for public banking continues to grow. From California to Washington, New Mexico to Washington D.C., from New Jersey, to Michigan, and New York, public banking initiatives are currently being explored in  municipal committees and state legislatures throughout the U.S. Ten cities and regions, including Los Angeles, San Francisco, Oakland, Orange County and San Diego have come together to form the California Public Banking Alliance. Our target is introduce a bill in the state legislature that creates a uniform regulatory framework for municipal and regional public banks. The California Democratic Party has also adopted a resolution supporting the creation of state-chartered public banks.Public banks will allow California cities and counties to create sound investments that will save money and allow them to create lower interest loans to service local needs. It holds the potential to improve many areas that directly impact our communities including: affordable housing, small business development, infrastructure, renewable energy and serving the needs of the unbanked and underbanked populations.Our approach to public banking is based on the Bank of North Dakota, which holds the state’s public deposits and partners with community banks and credit unions to issue participation loans.The municipal public banking model serves to directly address the common harms of private banking as the laundry list of unethical and damaging behavior from Wall Street banks grows. Corporate banks are also a main source of financing for environmentally and socially destructive projects, including private prisons, immigrant detention centers, oil and gas extraction, fossil fuel pipelines, and other investments that prioritize corporate profit over the people and the planet.This is a pivotal moment in history to build a new alternative to the economic status quo. We can accomplish this through the creation of locally controlled public banks, chartered with socially and environmentally responsible mandates. It's time to take our financial power back from Wall Street banks, and reinvest in Main Street!About Us:The California Public Banking Alliance represents activist groups and advocates in: Los Angeles, San Francisco, East Bay (Oakland, Alameda County, Berkeley), South Bay (San Jose, Santa Clara County, Palo Alto), Santa Rosa, Santa Barbara, Santa Cruz, Eureka, Orange County and San Diego, working to create socially and environmentally responsible city and regional public banks.

California Public Banking Alliance
7 supporters
Update posted 6 months ago

Petition to Jerry Stritzke, REI Board of Directors

Divest from banks that fund the fossil fuel industry!

As a young person who cares about our planet, I know that we all need to take action to stop climate change. But did you know that REI – a company which prides itself on its commitment to the environment and improving access to the outdoors – uses the same banks which fund fossil fuel projects? Unless companies like REI lead the way by divesting from the fossil fuel industry, climate change will keep getting worse. Join me in demanding that REI do better by its members and the planet. It’s because of the support of banks like Wells Fargo and U.S. Bank that projects like the Dakota Access Pipeline are built, cementing us into a future dependent on fossil fuels and climate change. As a young person who will be alive long past the people running these companies and banks, I know that we must immediately change course. If we continue investing in fossil fuels, my children will likely never know the experience of the winter wonderland I grew up with, nor the beautiful Minnesota landscapes. Climate change is harming our planet and devastating our future on it – and REI is helping. The sad news is that most of REI’s customers probably don’t know that their money is being stored in banks which then lend it to the fossil fuel industry. The good news is that if enough of us speak out, the company is more compelled than ever to listen! REI claims to put purpose over its profits, and prioritize environmental stewardship over its bottom line. Join me in demanding that they walk their talk, and lead the way for other companies to divest.

Asha Rao
27,170 supporters
Update posted 7 months ago

Petition to Wells Fargo, Bank Of America, Citi Bank, CHASE BANK, Morgan Stanley, Glodman Sachs

Tell the Big Banks to Stop Funding Climate Change

$115 billion. That’s how much the world’s biggest banks pumped into “extreme fossil fuel” projects in 2017 alone.* Here’s the kicker: those are your dollars directly fueling climate change. Big Banks finance fossil fuel companies through loans and investments using the money we trust them to hold—projects like the Dakota Pipeline (DAPL) or offshore/Arctic drilling couldn’t happen without it. The list of top offenders includes Chase, Citi, Bank of America, Morgan Stanley, Goldman Sachs, and Wells Fargo. Any of those names sound familiar? We can and must do better! Let’s commit to break that destructive cycle by voting with our feet—we’ll move our money to green banking and investing options. Today we’re asking you to take the #MovetoGreen pledge:  I commit to start moving my money into fossil fuel-free banking and investments that are sustainable—so my money will help, not hurt, the planet and people. Imagine: together, we will get 1 million Americans to commit to move to green banking and investment by Earth Day 2019—ourselves, our friends, our families—and we will make a real difference in the fight against climate change this year. There is a growing movement toward moving money away from fossil fuels, including steps taken by cities like Kansas City and New York City, organizations like the Leonardo DiCaprio Foundation and the Rockefeller Brothers Funds, and colleges across the country. We can’t wait any longer. Since 2001, we’ve seen 17 of the 18 hottest years on record. Doing nothing is no longer an option.   Now it’s time for all of us to step up and join the green revolution in banking and investing. Sign the pledge and share it widely, because tomorrow’s planet depends on what we do today. We do have the power to change things. Together we can finally take on the fossil fuel industry, and win.   *"Banking on Climate Change: Fossil Fuel Finance Report Card," March 28, 2018

Aspiration
24,793 supporters