Climate Activists Demand Banks to Divest from Fossil Fuels and Cut Credit Cards

Climate activists from the "Old & Bold Third Act" movement gathered outside major US banks in Washington, D.C., to cut up their credit cards and protest against the institutions' spending on the fossil fuel industry. The protesters chanted for "climate justice" and to shut down the "big bad climate banks." The banks targeted were Chase, Citibank, Wells Fargo, and Bank of America. The activists urged people to consider how their bank money is being used and how it impacts the environment. Large banks have trillions invested in fossil fuel businesses, according to a 2022 report by environmental groups.