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For Immediate Release
May, 08 2018, 12:00am EDT
Contact:
Blair Fitzgibbon, 202-503-6141
Nationwide Rallies Against JPMorgan
National Day of Action in 16 US cities. Ten arrested. More arrests under way. Two bank branches shut down.
WASHINGTON
A large coalition of activists and community leaders rallied across 15 US cities for #ShutDownChase, a national day of action holding top US funder of extreme fossil fuels, JPMorgan Chase, accountable for its financing practices. CEO Jamie Dimon has claimed to support the Paris Agreement, yet his bank ramped up its funding for the worst fossil fuels in 2017, and in the process, financed projects and companies that threaten Indigenous rights and culture.
"As the biggest financier of extreme fossil fuels on Wall Street, JPMorgan Chase is putting the Paris Agreement goal of a '1.5 degree world' further out of reach every month," said Tess Geyer, Senior Climate and Energy Organizer at Rainforest Action Network. "We're telling them: no more profiting off climate chaos and Indigenous rights abuses. They need to get out of tar sands, coal and other extreme fossil fuels now."
Demonstrations spanning from New York to California sprung up outside Chase branches and city halls throughout the day, one week ahead of the bank's annual general meeting in Plano Texas, scheduled for May 15. In Seattle, four Native American "tarpees" were constructed, shutting down the street outside Chase bank. Ten people were arrested.
"We've come together in Los Angeles to call upon our city to do better, to be a true leader in the movement towards a sustainable world," said Madeline Merritt of Divest LA, an organizer for the action in Los Angeles. "We were able to successfully lead the city to divest from Wells Fargo, and now are committed to drawing national attention to JP Morgan Chase for its ongoing crimes against people and planet, and its callous financing of extreme fossil fuel projects. We are here to Shut Down Chase and any other immoral financial institutions that put short term profits over our precious lands, waters and our future generations."
In the face of the Trump administration's full-blown climate denialism, the public is tying the climate, environmental, and human rights impacts of fossil fuels to the financial institutions backing the sector. One of the Paris Agreement's three objectives is "making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development." As laid out in Banking on Climate Change: Fossil Fuel Finance Report Card 2018, this means banks must end their support for extreme fossil fuels and cease financing further expansion of any fossil fuels.
For high resolution photos: https://www.flickr.com/photos/rainforestactionnetwork/
Rainforest Action Network (RAN) is headquartered in San Francisco, California with offices staff in Tokyo, Japan, and Edmonton, Canada, plus thousands of volunteer scientists, teachers, parents, students and other concerned citizens around the world. We believe that a sustainable world can be created in our lifetime and that aggressive action must be taken immediately to leave a safe and secure world for our children.
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Elon Musk's net worth surged past $1 trillion on Friday as SpaceX—the rocket company he founded and controls—made its debut on the public market, prompting global revulsion and calls for an aggressive wealth tax to rein in out-of-control inequality.
“Musk became the world's first trillionaire because our tax system shields the wealth of the ultra-wealthy from taxation while requiring working to people pay taxes on every paycheck," said Igor Volsky, director of the Tax the Greedy Billionaires Campaign. "Today’s milestone should serve as a wake-up call to us all."
"Unless we plan to cede control and agency over our future to a handful of ultra-wealthy individuals, lawmakers must pursue bold tax policies that actually meet this moment—not just slowing the accumulation of extreme wealth, but reversing it," Volsky added. "That means passing taxes on billionaire wealth ambitious enough to make the ultra-wealthy less wealthy, reduce the stranglehold they have over our economy and democracy, and restore the ideal that no one in America gets to buy their way to unchecked power.”
Reuters reported Friday that "most of Musk's wealth now rests with SpaceX, where he holds a stake worth roughly $866 billion."
"Along with Tesla and the rest of his properties, his net worth will exceed $1.1 trillion when the stock begins trading Friday," Reuters noted. "The tally includes stock components that would vest over time."
While Musk's on-paper fortune could drop below the trillion-dollar mark if SpaceX's stock price drops below $135 per share—which is highly possible, as experts argue the company's valuation is absurd—campaigners said Friday that the milestone is an appalling product of a society that has allowed the mega-rich to dictate policy, funneling immense wealth to the very top while millions worldwide face hunger, violent displacement, and preventable disease. Oxfam has estimated that just a 10% tax on Musk's fortune could lift 800 million people above the extreme poverty line.
“Eighty-six of Americans are worried about the price of food. Elon Musk is a trillionaire. These two things are deeply, inherently connected," said Erica Payne, founder and president of the advocacy group Patriotic Millionaires. "The level of wealth that Mr. Musk has reached requires human exploitation, wage theft, wage suppression, anti-competitive markets, monopolistic control, price collusion, inadequate tax systems, and corruption. Mostly inadequate tax systems and corruption."
Musk's companies, including SpaceX, have relied heavily on and benefited massively from government contracts, subsidies, and research, while paying minimal taxes.
The New York Times reported last year that SpaceX "has most likely paid little to no federal income taxes since its founding in 2002 and has privately told investors that it may never have to pay any, according to internal company documents." As for Tesla, the Institute on Taxation and Economic Policy found earlier this year that the company "avoided almost all federal income tax on over $12 billion of US income over the past three years."
Musk, whose immense wealth is largely stock appreciation that is not taxed in the US unless shares are sold, paid nothing in federal income taxes in 2018, according to ProPublica. "Between 2014 and 2018, he had a true tax rate of 3.27%," the investigative outlet noted.
Writer Elizabeth Spiers argued Friday that "trillionaires shouldn't exist," noting in a column for The Nation that "as Musk's wealth multiplies, he continues to prosper on the public dime."
"Musk’s cosmic-scale wealth-hoarding is particularly abhorrent when you place it against the backdrop of how much damage he’s done," wrote Spiers. "It’s hard to quantify the scale of destruction and deprivation that he will never personally be held accountable for. How do you value the lives of the hundreds of thousands of people who have died since Musk, in his words, gleefully 'fed [USAID] into the woodchipper'? How do you value the lives of people who will die because DOGE cut major biomedical research funding?"
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On Friday morning, Human Rights First's deportation flight tracker reported that a plane used by Immigration and Customs Enforcement (ICE) had landed in Accra, Ghana, after departing from Louisiana the previous day and was believed to be en route to the CAR's capital, Bangui.
Per The New York Times on Thursday, the administration was preparing to deport "at least two Iranian women who had sought refuge in the United States" as well as "migrants from Afghanistan and Syria."
According to their lawyers, several of the migrants had received court orders from judges prohibiting their deportation to their home countries, citing the risk of persecution there.
A lawyer for one of the Iranian women told the Times that neither of them has a criminal record and that they both have been granted court protection due to fear of threats to their freedom or lives if they returned to Iran. One is a Christian convert, and the other is a pro-democracy activist.
According to Reuters, just the activist ended up on the flight from Louisiana. But the Christian woman is still at risk, along with another Iranian national.
Human Rights First's @ICEFlightM is monitoring this egregious situation, and we urge our policy makers to decry this life-threatening flight and other deals that send people seeking safety back to the very harms from which they fled.
https://t.co/ABZZMTQNuS
— Human Rights First (@humanrights1st) June 11, 2026
The burden of proof to receive what is known as a “withholding of removal” status from an immigration judge is even higher than that needed for migrants to qualify for asylum.
Those seeking their deportations to be halted must demonstrate that it’s more likely than not that their life or freedom would be threatened if they returned to a specific country due to their race, religion, nationality, or political or social affiliation.
In order to get around orders protecting these migrants from deportation to their home countries, the administration is instead dumping them in what have been described as "third countries."
The flight departed on Thursday is the first US deportation flight to the CAR, which is one of the poorest countries in the world and is reeling from a civil war that's displaced more than a million people both inside and outside the country.
The country is under the State Department's highest travel advisory, warning US citizens not to go there "due to risk of unrest, crime, kidnapping, landmines, health, and terrorism."
This is the @StateDept travel advisory for the Central African Republic.
The United States—a self-proclaimed nation of refuge—is about to send refugees here. https://t.co/uxfexS5S73 pic.twitter.com/pvYyxIQHdN
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Human rights law experts Anjli Parrin and Savi Arvey wrote on Wednesday for Just Security that the administration was putting "lives at risk" by sending these migrants to a dangerous country where they know nobody and where basic healthcare infrastructure hardly exists.
They said the administration's deportation of these migrants "is the latest example of its dangerous and potentially life-threatening strategy: using secretive deals with countries to expel asylum seekers and migrants with no legal or personal connection to the places where they are being sent."
"Since early last year, the US government has signed a growing number of third-country forced transfer agreements with over 30 countries worldwide to expel and deport people to places where they have no legal or personal ties," they said.
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Emily Trostle, a lawyer for the Iranian activist, told Reuters that the migrants facing deportation to the CAR "have absolutely no connection to this place."
“These individuals are being removed from the United States and abandoned in a country where they have no status, no connection, and no support network,” she said. “We fear they will ultimately be forced to return to the countries they originally fled.”
According to Human Rights First's Third Country Deportation Watch, governments around the world have been given $44 million from US taxpayers to receive these migrants. More than 19,000 people, it found, have been deported across 24 countries.
Most of them have been sent to Mexico, but the US has also shipped migrants to some of the poorest, most unstable nations in sub-Saharan Africa, including Eswatini, Equatorial Guinea, and Sierra Leone. Many have faced arbitrary detention and torture or been returned to the country where they fled persecution.
In order to avoid having to allow over 1,000 Afghans who fought alongside US soldiers to settle as refugees in the US as planned, the Trump administration is reportedly trying to ink a deal with the Democratic Republic of the Congo to take them instead, but the plan was stalled amid public backlash, and the administration is seeking other options.
It's hard to fathom how deeply evil this is, and that we have people running our country who get sick pleasure from sending women fleeing violence in Iran to an African country in the middle of a brutal civil war. https://t.co/JaN8z2LFI2
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Another person scheduled to be deported to the CAR was an elderly man from Syria, whose immigration attorney, Margaret Stock, told the Times that he had scars all over his body due to torture in his home country.
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Reichlin-Melnick agreed: "Evil is the right word for... taking people who are safe in the United States, who have proven to a judge they would be persecuted in their home country, and dumping them in a random country in the middle of a civil war."
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A voting rights organization in Ohio is accusing the federal government of waging a large-scale intimidation campaign after the group was raided by the FBI on Thursday.
MS NOW reported on late Thursday that FBI agents searched the Cleveland offices of the Ohio Organizing Collaborative, an organization that helps register voters.
In addition to raiding the group's offices, sources tell MS NOW that "agents also fanned out across the state, showing up at the homes of the group’s leaders and staff members, carrying some subpoenas and seeking information and electronic devices."
MS NOW's sources also expressed concern that the raid was not a legitimate law enforcement operation but "part of the Trump administration’s efforts to sow doubt and distrust in voting integrity in key swing states ahead of the midterm elections."
In an interview with MS NOW, Ohio Organizing Collaborative board member Prentiss Haney accused the feds of using "straight-up intimidation tactics."
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In a separate interview with local public radio station WVXU, Haney described the FBI raid as a "full-on assault."
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Rep. Shontel Brown (D-Ohio) said she was "alarmed and outraged" by the FBI raid, which she alleged was part of an effort by President Donald Trump and FBI Director Kash Patel to disrupt the 2026 midterm elections.
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The Trump administration has waged a multi-faceted attack on voting rights ahead of the midterm elections.
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If adopted, this policy could result in states deeming voters ineligible without giving them sufficient time to challenge the decision.
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