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'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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Elders Arrested Protesting Citibank Funding of Planet's Destruction
"We are on the cusp of a ruined planet, and the big banks like Citi are funding it, to the tune of trillions," said one organizer.
Jul 08, 2024
As Earth sizzles during what's likely to be its hottest summer on record amid a worsening planetary emergency, dozens of elder climate campaigners including 350.org co-founder Bill McKibben were arrested Monday in New York while protesting Wall Street giant Citigroup's continued fossil fuel financing.
Members of the group Third Act—who are mostly aged 60 and older—led a "funeral procession" near Citigroup's Manhattan headquarters in remembrance of the senior citizens who have died during recent dangerous heatwaves and to call out the bank "for being the number one funder of fossil fuel expansion in the world," according to Summer of Heat, which is organizing a series of ongoing climate protests.
Summer of Heat said McKibben was one of 46 demonstrators arrested Monday, and that "with today's protest, there have now been 305 total arrests in this summer's historic campaign of relentless, disruptive protests to stop Wall Street funding the oil, coal, and gas projects that are making our planet unlivable."
According to Summer of Heat:
Older Americans are worried about growing climate extremes and how Wall Street is using their savings to harm the planet and their grandchildren's future. Third Act supporters are retired teachers, healthcare professionals, lawyers, union members, parents, grandparents, great aunts, uncles, and now activists. They are taking action—together with youth and families—to make a difference! They are calling on banks like Citi to invest in a peaceful and livable world for all.
"It might feel very hot to us, but it was 122 degrees (Fahrenheit) in New Delhi two weeks ago. Lots and lots and lots of people died," McKibben told protest participants before his arrest. "Things like this now happen every day around the world, and they happen worst [and] first in the places that have done the least to cause this crisis."
"This is the deepest question of justice the world has ever come across," McKibben added. "And the bank that we're outside has done more than almost any institution on Earth to make it worse. Given full warning by scientists of all kinds for the last 30 years, they have decided instead to try to make profit off the end of the world."
Margaret Bullit-Jonas, an Episcopalian priest and author who took part in Monday's protest, said that "Citibank is destroying the world that God loved into being and entrusted to our care."
"At this decisive moment in history, we teeter on the brink of climate chaos," she added. "Now is the time for Citibank to choose life and to stop financing fossil fuels."
Third Act members were joined by activists from various climate, environmental, and social justice groups. Summer of Heat organizer Liv Senghor said that the campaign "is an intergenerational and intersectional movement."
"We know that there is no climate justice without social justice," Senghor said. "And we know that if we do not stop financial institutions like Citibank right now, we will all feel the deadly consequences today, tomorrow, and for generations to come."
HipHop Caucus president and CEO Rev. Lennox Yearwood Jr. asserted that "to limit ongoing damage, and ensure a bright future for the next generations, we need bold action now to curb emissions, transition to clean energy, and to help households and communities mitigate current and future risks."
Gus Speth, a former U.S. Council on Environmental Quality chair, warned that "we are on the cusp of a ruined planet, and the big banks like Citi are funding it, to the tune of trillions."
"It's time for the Citigroup board of directors to wake up to their responsibility," he added. "Citi talks about environmental sustainability but practices environmental destruction."
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, since the 2015 signing of the Paris agreement, Citi has provided $204.46 billion in financing for new fossil fuel projects, according to Stop the Money Pipeline, a Summer of Heat co-organizer.
"From the Bronx to the Gulf South, Black, Latine, Asian, Indigenous, and low-income communities living on the frontlines of the climate crisis—and the ones least responsible for it—face the highest asthma rates and staggering cancer rates while an unprecedented number of people are dying from heat waves," Summer of Heat said.
"Instead of staying home and hiding from the heat, organizers are calling on all New Yorkers and climate defenders from across the globe to take to the streets and demand that Wall Street stop destroying our future," the group added.
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The Next Few Years Will Decide What Kind of Future We Leave for My Grandchild
Everyone’s job this decade is to arrest the sudden and sickening lurch upward in temperature, so that there’s somewhere at least a little stable for young people to stand as they build that new world that must come.
Mar 31, 2024
Asa Caleb Crane was born over the weekend; he came into the world with a full head of hair, and on first impression an undeniable charisma, a full array of important moral virtues, and a calm but determined approach to the new world in which he found himself.
And I found myself both entirely agog at his general niftiness, and bowled over by the fact that I now know, very intimately, someone who God willing is going to exist in the 22nd century.
I can compass the passage of time; my grandmother, who I knew well, was born in the latter part of the 19th century, and I can imagine most of the changes of her life—feel in some visceral way the increase in mobility, in communication, in opportunity, in ease. My parents were born in the Depression and came of age in the great postwar boom; my daughter was born just as the internet was getting off the ground. It all makes more or less sense to me; but of course the future is harder, and the future now is harder than ever. In fact, there have been a spate of stories this week pointing out that even our greatest climate scientists are having a hard time explaining the rapid rise in global temperature over the last 12 months—and others explaining just how hot it has become. Here’s a compelling Guardian account of the record heat across much of Africa in recent weeks.
Tarly in Ivory Coast explained: “All I can do is open the windows and the door to let the air flow, but even the air doesn’t move.”
He lives with a one-year-old child, who cries at night because he is hot, and his two teenage daughters, who wake up in the middle of the night to shower before returning to bed where they lie in front of the fan. Still, the heat clings; it does not go away.
“At four in the morning, it’s when it’s least hot and you can sleep better, but I have to wake up to go to work,” Tarly said. “When it’s this hot, mixed with humidity, time stands still.”
Of course time in the larger sense, rushes on—and right now the very real-time acceleration of warming scares me more than I want to admit. It also makes me think—as you might guess from the title of this newsletter—that the next few years may be the crucial ones between now and 2100, maybe even between now and 5100. Because if we don’t break the momentum of the warming then it will build unstoppably on itself—and that will foreclose all kinds of options.
It’s keeping those options open that matters to me. I don’t think we can reasonably plan all that far into the future—new technologies, new politics, new attitudes will inevitably shape how things happen 20 or 60 years from now. But I do think we can see the outline of our politics through the end of the decade, and I think it basically involves a single choice: Do we go all-in on the energy transition as the world pledged in December at the last global climate talks, or do we back off, following the advice of, say, the (wildly applauded) Saudi Aramco CEO who said last week at a Houston energy conference that “we should abandon the fantasy of phasing out oil and gas and instead invest in them.”
The first option—going all-in on the energy transition—doesn’t get us where we need to go, and certainly not by 2030. I don’t see any chance that the temperature won’t still be rising then. But done with vigor it keeps possibilities open: Politico this week reported, for instance, on the growing competition among blue-state governors to come up with more renewables and more efficiency, and the remarkable Kingsmill Bond at the Rocky Mountain Institute reported on the growing competition between the superpower blocs for green energy supremacy.
China, Europe, and the United States make up 80%–90% of deployment of key clean technologies.
China dominates the supply chain, but change is happening. China has outspent the United States and Europe 10-fold in the past five years to achieve market share in manufacturing of over 90% in solar and 70% in batteries. But United States and European capital expenditure is set to increase 16-fold by 2025, and opportunities for leadership abound; only 20% of final energy demand has been electrified; and technologies to enhance flexibility are still in the early stages.
Europe leads in solar and wind share of generation. Europe has the largest share of electricity from solar and wind, and all three regions are moving rapidly up the S-curve towards solar and wind dominance.
What I’m trying to say is, we have the chance to move over the next five years to establish a counter-momentum to the rising temperature. If we do, by 2030 we’ll be in a place to weigh the options going forward; if we don’t then nature will be making decisions for us, and we’ll be reacting.
For those like me of a certain age we have no real business telling young people what kind of world to build—that will be their opportunity and their responsibility, and my sense is that they have the savvy to do a good job of it. But our job—everyone’s job these next five years—is to arrest the sudden and sickening lurch upward in temperature, so that there’s somewhere at least a little stable for those young people to stand as they build that new world that must come. The best proxy for that stability is the number of solar panels and wind turbines and batteries we install between now and the end of the decade.
I’ve always thought this to be true; it’s why this newsletter is called what it is, and it’s why I do the work I do at places like Third Act. It’s just that all of a sudden I take it even more personally. Hi Asa!
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