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planet over profit
'What Real Eldership Looks Like': 69 Senior Climate Protesters Arrested at CitiBank HQ
Wall Street giant responsible for massive funding of fossil fuels accused of "robbing our grandchildren's future."
Aug 27, 2024
The " Summer of Heat on Wall Street" protests continued Tuesday with at least 69 elders arrested while blocking Citibank's New York City headquarters to demand an end to the bank's financing of climate-wrecking fossil fuel projects.
"I'm here for my children and grandchildren," one woman explained as she was led away by a New York Police Department officer, wrists zip-tied behind her back. "I have kids and they need to live a better future!"
She was among several protesters who wore signs hanging from their necks that said "I'm here for:" followed by photos of loved ones.
BREAKING: NYPD arrests 29 grandparents at @Citibank HQ for demanding an end to Citi’s financing of oil, gas and coal projects.
“I have kids and they need to live a better future!” #SummerofHeat #CitiDropFossilFuels pic.twitter.com/j93mMl1YhS
— New York Communities for Change (@nychange) August 27, 2024
Bill McKibben, a 350.org co-founder arrested at a related action earlier this summer, welcomed Tuesday's protest on social media. Borrowing a phrase from Hip Hop Caucus' Rev. Lennox Yearwood Jr., he
declared, "Can't stop won't stop!"
"Old and bold!!" he added in response to footage of some arrests, also highlighting Third Act, his group for "Americans over the age of 60 determined to change the world for the better," which organized Tuesday's protest.
The Summer of Heat campaign was
initiated by a coalition that includes Climate Defenders, New York Communities for Change, Planet Over Profit, and Stop the Money Pipeline with support from more than 100 environmental and racial justice groups.
"Since the campaign launch on June 10, over 4,000 people have joined protests as part of the Summer of Heat," according to organizers. "And over 500 people have been arrested for engaging in nonviolent civil disobedience protests, urging banks like Citigroup to stop bankrolling new coal, oil, and gas."
Sharing a photo of one protester on social media Tuesday, Stop the Money Pipeline director Alec Connon said that "when I'm older I hope I will be like Pat, who was just arrested for blocking the doors to the headquarters of the world's largest funder of fossil fuel expansion since the Paris agreement. In a time of climate crisis, this is what real eldership looks like."
Tuesday's action in New York—which came as over 60 million people in the U.S. Midwest and Northeast faced heat advisories—followed a July demonstration in which Third Act members led a "funeral procession" near Citigroup's headquarters to honor elders who have died during recent dangerous heatwaves. That protest also led to arrests.
Other Summer of Heat actions targeting Citibank that resulted in arrests have been held by cello-playing grandfather, faith leaders, and mothers who gathered with their children outside bank CEO Jane Fraser's luxury apartment building.
This past weekend, over 30 self-described "climate feminists" were arrested in another demonstration outside Fraser's home, where they chanted: "Methane Jane, you can't hide. We charge you with ecocide."
More than 30 feminists sit down in the street in front of Methane Jane Fraser’s TriBeCa apartment. There’s nothing feminist about funding ecocide. pic.twitter.com/CtuQGWVaqh
— New York Communities for Change (@nychange) August 25, 2024
An annual report released in May showed that in 2023—the hottest year on record—the world's 60 biggest banks committed $705 billion to companies conducting business in fossil fuels, bringing the total since the Paris agreement to $6.9 trillion. Citi's totals were more than $30 billion last year and $396 billion overall.
This post has been updated to clarify when Bill McKibben was arrested and to include additional arrests after publication.
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Citibank Staffer Punches Climate Activist During Protest
"Citi keeps proving their violent business is rooted in violent people," said the Planet Over Profit campaign.
Aug 14, 2024
A climate protester was taken to a hospital bleeding on Wednesday, according to organizers, after a security guard at Citibank's global headquarters in New York punched him in the face as campaigners assembled in the lobby of the building.
The climate advocate, Eren Can Illeri, was taking part in an action organized by Summer of Heat, which is supported by a coalition including New York Communities for Change, Planet Over Profit, and Stop the Money Pipeline.
Illeri was joining other campaigners in calling on Citibank executives to meet with them to discuss the bank's funding of fossil fuel projects. Citibank has invested $396.3 billion into coal, gas, and oil infrastructure projects since the Paris climate agreement was finalized in 2015, and Summer of Heat has made the bank its top target this summer as it demands Wall Street divest from the climate emergency.
"We have been asking Citi to meet with us for weeks to talk about what it can do to tackle the climate emergency," said Alicé Nascimento, a spokesperson for the Summer of Heat campaign. "But rather than meet with us, they have sent their security guards to physically attack peaceful climate activists after weeks of intimidation and threats."
Illeri appeared to be filming with a cellphone when the security staff member approached him and tried to grab the phone out of his hands, according to a video of the incident. The guard then punched Illeri in the face while holding the phone, and pushed him to the ground.
BREAKING: Citibank staff punches peaceful climate activist in the face for taking video. He was taken to the hospital bleeding.@Citi keeps proving their violent business is rooted in violent people. This can't go on. pic.twitter.com/E1KCwQ1dCY
— Planet Over Profit (@pop4climate) August 14, 2024
The violence displayed mirrors "the violence of fossil fuels and climate chaos," said Alice Hu, a climate campaigner for New York Communities for Change.
"Citi backs violence and it's sickening," she said.
Summer of Heat began on June 10, and since then more than 4,000 campaigners have joined protests to demand Citibank end its financing of fossil fuel projects.
More than 475 people have been arrested for protesting the bank's investments—including a cello-playing grandfather last week—and protesters last month reported being shoved by one of the bank's top lawyers.
"Citi keeps proving their violent business is rooted in violent people," said Planet Over Profit. "This can't go on."
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68 'Summer of Heat' Activists Arrested in NYC Protesting Citgroup's Fossil Fuel Financing
"Citi's business model is frying our planet," said one campaigner.
Jun 28, 2024
Scores of activists were arrested Friday during a protest outside Citigroup's New York City headquarters, where demonstrators condemned what organizers called the megabank's "racist investments devastating Black and brown communities" and fueling the worsening climate emergency.
Around 1,000 people including environmental leaders from the Gulf Coast of Texas and Louisiana gathered at Zuccotti Park in Lower Manhattan's Financial District, where they rallied before marching to "demand that Wall Street stop funding the fossil fuel projects causing environmental devastation in mostly Black and brown communities in the Gulf South and across the globe."
The march ended at Citigroup's headquarters on the west side of Lower Manhattan, where organizers from New York Communities for Change said 68 people were arrested. The group said a total of 259 activists have been arrested during ongoing Summer of Heat on Wall Street protests, which it organized along with Stop the Money Pipeline, Climate Defenders, and Planet Over Profit.
"On Monday, climate activists from the Gulf South and allies held a roving speak out in front of financial institutions backing the fossil fuel industry, including KKR, BlackRock, and Bank of America," New York Communities for Change said. "On Wednesday, protesters held a civil disobedience action in front of the insurance conglomerate Chubb, which insures petrochemical projects destroying the climate in the Gulf South and around the globe."
One of the protest's organizers, Roishetta Ozane—who founded the Vessel Project of Louisiana—said that "projects that kill our communities like Freeport LNG (liquefied natural gas), Cameron LNG, Corpus Christi LNG, and others would not exist without the backing of financial institutions like Citigroup."
"Money made from them is blood money," Ozane added. "Since they destroy our homes, we're coming to pay them a visit. We will break this cycle of violence and exploitation now because later is too late. We want Citigroup to stop funding fossil fuels and to stop hurting our communities and our families."
As Stop the Money Pipeline coordinator Alec Connon explained in an opinion piece published earlier this month by Common Dreams:
Since the adoption of the Paris agreement in 2015, Citi has provided $204.46 billion in financing to the company's most rapidly developing new coal, oil, and gas fields. Remarkably, Citi has provided more money to those oil and gas companies than even JPMorgan Chase―the bank that climate activists like to call the 'Doomsday Bank.'
To be clear, I'm talking here only about the financing Citi has provided for companies developing new oil and gas reserves, not merely investing in infrastructure to keep the oil pumping from existing reserves. When we take into account financing to all fossil fuel companies, Citi has provided a little shy of $400 billion to coal, oil, and gas companies since 2015.
Citigroup contends that it is "supporting the transition to a low-carbon economy through our net zero commitments and our $1 trillion sustainable finance goal," and that its "approach reflects the need to transition while also continuing to meet global energy needs."
However, Climate Defenders organizing director Marlena Fontes countered that "Citi's business model is frying our planet."
"Every credible climate scientist says that we can't afford to put one more penny into fossil fuels, but Citi is the number one funder of fossil fuel expansion in the world," Fontes added. "Until Citi stops funding fossil fuels, they can expect resistance from everyday people like us who want our children to be able to play outside without coughing on wildfire smoke or getting sick from deadly heatwaves."
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