Asheville area elders to protest climate change funding by banks as part of national day of action

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.

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