Media advisory from Asheville Third Act:
WHAT: Seniors of Asheville Third Act will hold a protest rally at Pritchard Park, in front of Wells Fargo Bank. It is part of a national day of action across the U.S. to pressure the major banks to stop financing the expansion of the fossil fuel industry. The Asheville protest is among 91 events taking place across the country. The National Day of Action is being organized by Third Act, a group for climate activists over 60 years of age, with more than 50 local and national partners.
WHEN: 12 – 1:30 pm, Tuesday, March 21, 2023
WHERE: Pritchard Park, across from Wells Fargo Bank, 1 Haywood St, Asheville, NC
BACKGROUND: The national day of action against banks over climate change comes ahead of investor resolutions at their annual general meetings next month to pressure them to stop funding climate chaos.
The top four fossil fuel financing banks are JP Morgan Chase, Citi, Bank of America and Wells Fargo, pumping over one quarter of the $4.6 trillion total financing for fossil fuels by the top 60 global banks between 2016 and 2021.
Thousands and thousands of customers and potential customers have pledged to move their money out of these banks if the banks won’t move their investments out of fossil fuels.
The protest rally is being held as temperatures in Asheville (and around the world) continue to rise, summers become longer, hotter, and more humid, and rainfall comes in heavier deluges, increasing flooding and related damage. Meanwhile, Duke Energy wants to build more fossil gas plants instead of speeding the adoption of clean, renewable energy, even though deploying more solar and wind is now less expensive than building new gas plants. If Duke is allowed to pursue its plans, it will further degrade our climate as well as raise our rates.
Before you comment
The comments section is here to provide a platform for civil dialogue on the issues we face together as a local community. Xpress is committed to offering this platform for all voices, but when the tone of the discussion gets nasty or strays off topic, we believe many people choose not to participate. Xpress editors are determined to moderate comments to ensure a constructive interchange is maintained. All comments judged not to be in keeping with the spirit of civil discourse will be removed and repeat violators will be banned. See here for our terms of service. Thank you for being part of this effort to promote respectful discussion.