Defunding has long been used as a way to put economic pressure on companies whose policies we don’t agree with. Boycotts are a similar idea, one of the most well known in modern times being the Montgomery Bus Boycott. Besides the economic impact on the bus lines, there were powerful images of people walking instead.
Now, here is a call to sign a petition to defund the Coastal GasLink pipeline in support of the Wet’suwet’en peoples in Canada.
Right now in British Columbia, Canada, Indigenous Wet’suwet’en Hereditary Chiefs and land defenders are resisting the construction of the TC Energy Coastal GasLink pipeline slated to cut through their territories.Sign the petition and rise up with the Wet’suwet’en people: Demand Chase and KKR defund the Coastal GasLink pipeline.
The Wet’suwet’en have been fighting to stop this pipeline for just over five years. The Hereditary Chiefs have re-asserted their right to jurisdiction over their own lands, their right to determine access and prevent trespass under Wet’suwet’en law, and the right to Free Prior and Informed Consent as guaranteed by the United Nations Declaration on the Rights of Indigenous Peoples — but TC Energy will not listen.
On February 6, militarized police conducted a five-day military raid of the resistance camps on Wet’suwet’en land and illegally evicted hereditary chiefs, land defenders, and matriarchs. The police came with assault rifles, snipers, dogs, sound cannons, and helicopters while Indigenous elders and youth stood by.
Protests against the Coastal GasLink project have since spread and have included: rail blockades, port shutdowns, government office occupations, and sit ins at banks investing in the illegal pipeline project. Now, the fight is coming to the U.S., right to the doorstep of the largest banker and investor of the Coastal GasLink pipeline — JPMorgan Chase and KKR.
JPMorgan Chase, the world’s biggest banker of fossil fuels, is helping funnel more than $5 billion in loans to the company behind Coastal GasLink. Kohlberg Kravis Roberts & Co. (KKR), a New York City based investment firm with over $200 billion in assets, has plans to purchase 65% of the pipeline with Alberta Investment Management Corp (AIMCo). Companies like Chase and KKR actively perpetuate the destruction of stolen Indigenous lands to fuel the climate crisis.
The upside is KKR’s plans to invest in the pipeline aren’t final. There’s still time to interrupt their plans. We must hold them accountable before it’s too late.
Climate Hawks Vote
Endangered Species Coalition
Rainforest Action Network
Rising Tide North America
This is as much of a fight for Indigenous rights as it is for the future of the planet. The Wet’suwet’en First Nation never signed a treaty to cede their land. Pipeline funders must be held accountable for their role in stealing Indigenous lands and fueling the climate crisis.Support Wet’suwet’en Hereditary Chiefs and land defenders
There is no climate justice without Indigenous sovereignty,
Our Message to JPMorgan Chase and Kohlberg Kravis Roberts & Co:
As a climate and human rights activist, I demand you defund the illegal Coastal GasLink pipeline, which is slated to run through and destroy unceded Wet’suwet’en land.
Sign the petition to protect Indigenous Sovereignty: Demand fossil fuel profiteers JPMorgan Chase and Kohlberg Kravis Roberts & Co. defund the Coastal GasLink pipeline.
SAN FRANCISCO, CA, January 31, 2020 —Dozens of local activists launched the ‘Stop the Money Pipeline ‘campaign in Bay Area today with creative disruption at Chase Bank at [location to be disclosed]. These citizens are demanding that JPMorgan Chase – the largest funder of fossil fuels worldwide – defund fossil fuels immediately to protect the planet. The action was coordinated by the Bay Area Climate Coalition, which includes Extinction Rebellion SFBay Area, Rainforest Action Network, 350 Bay Area, 350 Silicon Valley, XR Youth, Wet’suwet’en Solidarity Front Bay Area, and Diablo Rising Tide.
According to the “fossil fuel finance report card” published by a coalition of environmental organizations, JPMorgan Chase is the world’s top banker of fossil fuels. The bank has provided over $195 billion in financing to fossil fuel companies since the Paris Agreement was signed in 2015. Activist and actress Jane Fonda is helping to lead the call to JP Morgan Chase CEO Jamie Dimon to stop funding the destruction of the planet.
Chase customers are cutting up their credit cards as part of the #CutTheChaseChallenge. The Bay Area Climate Coalition recommends investing with socially and environmentally responsible banks or local credit unions. “A lot of people don’t know where their money sleeps at night. Moving your investments to align with your values is one of the biggest things you can do for the planet,” said Extinction Rebellion activist Sandra (last name omitted for privacy).
The Stop the Money Pipeline mentioned above posted this interesting coordinated action. Bill McKibben and others stage a sit-in at a branch of the CHASE bank in the Bay Area. He is connected by phone to Jane Fonda who leads a rally close to the CHASE bank McKibben’s group is sitting-in. Jane Fonda’s group then goes to the bank in support of those inside.