November, 19 2020, 11:00pm EDT
WASHINGTON
Today, the Trump administration's Office of the Comptroller of the Currency (OCC) released a new proposal aimed at forcing banks to fund fossil fuel companies.
Over the last year, five of the six biggest American banks -- Goldman Sachs, JPMorgan Chase, Citi, Wells Fargo, and Morgan Stanley -- have all updated their lending policies to rule out funding for new drilling in the Arctic, citing significant financial and reputational risks.
Today's proposal from Trump's OCC comes in response to complaints from politicians including Alaska Senator Dan Sullivan that these policies ruling out bad investments discriminate against oil companies. Banking law experts have raised questions about the legality and efficacy of these efforts to intimidate banks into supporting favored industries.
In response, Sierra Club Senior Campaign Representative Ben Cushing released the following statement:
"Contrary to the claims of oil-backed politicians, banks don't want to finance more drilling in the Arctic not because of some vast liberal conspiracy, but because it's bad business. The idea that this constitutes discrimination is ludicrous. No amount of saber-rattling in the final days of the Trump administration is going to change the fact that Arctic drilling is a risky investment that any savvy financial institution would stay far away from."
The Sierra Club is the most enduring and influential grassroots environmental organization in the United States. We amplify the power of our 3.8 million members and supporters to defend everyone's right to a healthy world.
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Netanyahu Demands Harsher Crackdown on US Students as Campus Protests Spread
"Biden's partner in crimes against humanity is now endangering U.S. college students," said one Palestinian rights advocate.
Apr 25, 2024
Israeli Prime Minister Benjamin Netanyahu suggested Wednesday that he was dissatisfied with the arrests of hundreds of U.S. college students—some of whom were violently detained by large groups of police officers—in the last week at a growing number of protests against universities' complicity in Israel's massacre of Palestinians in Gaza.
Netanyahu called the students who have set up encampments in solidarity with Palestinians "antisemitic mobs" and accused them of attacking Jewish students and faculty—despite the fact that Jewish organizers have been among those protesting Israel's bombardment of Gaza and demanding a cease-fire.
"It's unconscionable. It has to be stopped. It has to be condemned and condemned unequivocally... More has to be done," said Netanyahu shortly after Texas state troopers on horseback arrived at the campus of the University of Texas at Austin and arrested at least 50 people, including a photojournalist.
Artist and author Eli Valley said Netanyahu's call for a more forceful response could endanger U.S. college students in the interest of distracting "from the horrors" the Israeli government is inflicting in Gaza.
The prime minister's comments also came as at least 93 people were arrested at the University of Southern California, and hours before more than 100 students were detained by Boston police officers at Emerson College.
The current surge in student protests comes after months of demonstrations across the country demanding that President Joe Biden push for a permanent cease-fire and end unconditional military aid for Israel, which has received billions of dollars in weapons from the U.S. since it began its latest attack on Gaza—and full-scale obstruction of humanitarian aid—in October.
Starting with a solidarity encampment at Columbia University last week, U.S. college students have called on their schools to divest from weapons manufacturers, tech companies, and other entities that work with the Israeli government, and have demanded a cease-fire.
More than 100 students were suspended from Columbia and its affiliate, Barnard College, and then arrested last week—but the New York Police Department's response, sanctioned by university president Minouche Shafik, didn't stop protesters from erecting another encampment that was still up on Thursday as student organizers and administrators held negotiations.
Al Jazeerareported Thursday that despite law enforcement's violent response to protesters, demonstrations have sprung up at dozens of schools.
"As a sheer tactical matter, mass arrests of the protesters seem to be having the opposite of its intended effect," observed MSNBC anchor Chris Hayes.
Netanyahu's call for a greater show of force against students exercising their constitutional rights, said Palestinian ambassador to the United Kingdom Husam Zomlot, is evidence that the prime minister "knows the tide is turning, and time is against him and his racist government."
On Thursday morning, new demonstrations were announced at the City College of New York, Northwestern University, Emory University, Georgetown University, and Princeton University.
Organizers of some of the protests said they would not dismantle their encampments until their demands, including for divestment from companies benefiting from Israel's policies in the occupied Palestinian territories, were met.
"We refuse to allow business to continue as usual in the face of Northwestern's complicity," said organizers with Educators for Justice in Palestine, Jewish Voice for Peace, and Student Liberation Union at the university in Evanston, Illinois. "While Northwestern University rejects demands to disclose its investments, members of its Board of Trustees have served as executives of companies that supply arms to Israel. The university maintains partnerships like the Israel Innovation Project (IIP), whose research has strengthened the Israeli military-industrial complex and its capacity for surveillance and AI-powered apartheid. Our movement will not be stopped, nor will it be co-opted—we are committed to reclaiming our campus and reimagining what a university space should be until our following demands are met."
The groundswell of protest activity on college campuses, taking place just over six months ahead of the U.S. general election, led some observers to note that Biden may be sacrificing crucial support from young voters in the interest of continuing to support a foreign government's military operation that has killed at least 34,305 Palestinians.
"As usual, Netanyahu openly amplifies GOP messages," saidThe Atlantic senior editor Ronald Brownstein, "which should remind Biden he's tied himself to a partner [who is] hoping he loses."
Biden told reporters on Monday that he condemned "the antisemitic protests" without saying which student demonstrations have expressed support for antisemitism or how, and said in a statement on Sunday that "blatant antisemitism is reprehensible and dangerous—and it has absolutely no place on college campuses, or anywhere in our country"—but also didn't specify in the remarks what antisemitic activity the White House has observed at protests in support of Gaza.
U.S. Rep. Adam Smith (D-Wash.) said Wednesday in an interview with a CBS News reporter that campus protesters demanding a cease-fire are practicing "left-wing fascism" and "challenging representative democracy" and called for their arrests.
On "All In with Chris Hayes" on Wednesday evening, Hayes pointed out that as politicians from across the political spectrum accuse student protesters of antisemitism and violence, "the actual issues raised by the protests and protesters, which include the status of the hostages in Gaza, Israel's ongoing war in Gaza, the 30,000+ deaths there, and how and when the war might be brought to a close, all remain completely unresolved."
"What is the endpoint here?" Hayes asked. "How many people have to die, how many is tolerable, how many tens of thousands, how many children? How will the hostages come home? With the specter of even more mass destruction looming ahead, how will the people of Gaza find anything approaching a habitable future?"
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Listen Live: US Supreme Court Hears Outrageous Argument That Trump Is Above the Law
"The American people deserve a Supreme Court that does not hesitate to declare that no one is above the law, including a former president," said one campaigner.
Apr 25, 2024
After months of delay, the U.S. Supreme Court on Thursday will hear oral arguments in a closely watched case on whether former President Donald Trump should be immune from criminal charges stemming from his efforts to overturn his 2020 election loss—an argument that legal experts say is both absurd and dangerous.
Listen live to the oral arguments, which are set to begin at 10:00 am ET:
Thursday's proceedings mark the high court's final argument of its current term, and pro-democracy campaigners are calling on the justices to quickly reject the former president's sweeping immunity claim so he can face trial on federal election subversion charges before his November rematch with President Joe Biden.
As Bloomberg's Greg Stohr noted earlier this week, Thursday's oral arguments give "Special Counsel Jack Smith only a narrow window to put the former president in front of a Washington jury before voters go to the polls on November 5."
"With the trial on hold until the high court rules," Stohr added, "Smith needs a clear-cut victory, and he needs it quickly."
Sean Eldridge, founder and president of the progressive advocacy group Stand Up America, said in a statement Thursday that "the Supreme Court's right-wing majority has already handed Trump a temporary victory by stalling this case for months, allowing him to delay accountability for his criminal attempts to cling to power."
"With so much at stake for our democracy, the Supreme Court should rule swiftly and decisively in this case," said Eldridge. "Accountability delayed could mean accountability denied."
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Grand Jury Indicts Top Trump Aides, 11 Arizona Republicans Over 'Fake Electors' Scheme
Had it succeeded, said the state's attorney general, the scheme would have "deprived Arizona's voters of their right to have their votes counted for their chosen president."
Apr 25, 2024
A grand jury in Arizona on Wednesday charged seven aides to Donald Trump and nearly a dozen Republican officials over a "fake electors" scheme in the state that aimed to keep the former president in power after his 2020 loss to President Joe Biden.
Trump, who is currently facing nearly 90 charges across four criminal cases as he runs for another White House term, was described as "unindicted co-conspirator 1" in the 58-page indictment, which was announced by Arizona Attorney General Kris Mayes.
"The people of Arizona elected President Biden," Mayes, a Democrat, said Wednesday. "Unwilling to accept this fact, the defendants charged by the state grand jury allegedly schemed to prevent the lawful transfer of the presidency. Whatever their reasoning was, the plot to violate the law must be answered for."
The indictment names former Arizona Republican Party Chair Kelli Ward, sitting state Republican Sens. Jake Hoffman and Anthony Kern, former U.S. Senate candidate Jim Lamon, and seven others as the "fake electors" who sought to declare Trump the rightful winner of the state's presidential contest.
The names of other individuals indicted by the state grand jury are redacted, but the document's descriptions make clear that former White House Chief of Staff Mark Meadows, former Trump attorney Rudy Giuliani, and top Trump legal strategist Boris Epshteyn are among those facing felony charges—including fraud, forgery, and conspiracy.
"In Arizona, defendants, unindicted coconspirators, and others pressured the three groups of election officials responsible for certifying election results to encourage them to change the election results," the document reads. "Discussions about using the Republican electors to change the outcome of the election began as early as November 4, 2020. Those plans evolved during November based on memos drafted by [an attorney for the Trump campaign, Kenneth Chesebro]."
Mayes said Wednesday that had the fake elector scheme succeeded, it would have "deprived Arizona's voters of their right to have their votes counted for their chosen president."
"It effectively would have made their right to vote meaningless," said Mayes.
A state grand jury, made up of everyday, regular Arizonans, has handed down felony indictments in the ongoing investigation into the fake elector scheme in Arizona. pic.twitter.com/Nu8GcD4ZqJ
— AZ Attorney General Kris Mayes (@AZAGMayes) April 24, 2024
Alex Gulotta, state director of All Voting Is Local Action Arizona, said Wednesday that "the indictment of the eleven fake electors is one of the first steps required in holding these election deniers accountable for their alleged attempts to take power away from voters by disrupting our free and fair elections."
"Arizonans deserve to trust the election officials responsible for administering our elections and preserving our democracy," said Gulotta, "and this is a positive step forward as we continue to strengthen the foundations of our democracy and restore faith in our elections."
The Arizona Republicreported Wednesday that "several of the Arizona electors have previously claimed they were merely offering Congress a backup plan, though nothing in the documents they sent to Congress and the National Archives backs up that assertion."
"The indictment includes several statements the false electors made on social media that contradict those claims," the newspaper observed.
Jenny Guzman, director of Common Cause's Arizona program, said the indictment "marks the start of a new chapter for the fake elector scheme that has plagued Arizona."
"Arizonans are still dealing with the fallout from the false electors and the Big Lie about the 2020 elections," said Guzman. "We are relieved that the investigation by Attorney General Mayes has concluded and Arizonans can now know that what comes next is accountability. These efforts by these fake electors to undermine the will of Arizona’s voters have had implications far beyond their failed attempt to overthrow the 2020 election."
"This indictment can reassure all Arizonans that if anyone, regardless of their political affiliation, attempts to undermine their vote, consequences will follow," Guzman added.
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