Climate Activists Target Banks for Fossil Fuel Divestment

Climate activists organized protests outside major banks across the US, calling on financial institutions to shift investments away from fossil fuel companies. Third Act, a climate activism group largely made up of retirees, organized the nationwide events ahead of annual meetings where investors can propose changes to corporate policies. The activists point out their economic influence too: Baby boomers own over half of US wealth. Third Act has gathered some 17,000 pledges from people who have said they'll close accounts and cut up credit cards if banks continue to support fossil fuels.