February, 17 2020, 11:00pm EDT
"Stop the Money Pipeline" Announces Nationwide Day of Action to Protest the Financing of Climate Destruction
Chase, Liberty Mutual, and BlackRock Among the Top Targets for Climate Campaigners
WASHINGTON
Stop the Money Pipeline, a coalition of dozens of groups dedicated to ending the financing of climate destruction, is announcing a major Day of Action for this April 23, 2020, as part of three days of youth-led Climate Strikes around the 50th Anniversary of Earth Day.
Stop the Money Pipeline organizers are expecting hundreds of events to take place on April 23rd targeting the financial institutions who are doing the most to wreck the climate. There will be sit-ins, teach-ins, and petition deliveries at bank branches; protests outside of company headquarters; actions on university campuses; and more.
At the top of its target list is JP Morgan Chase, the largest bank financier of fossil fuels. In the three years following the Paris Climate Agreement, Chase poured over $196 billion into new fossil fuel projects, according to the Banking on Climate Change fossil fuel finance report card released by the Rainforest Action Network. Chase has come under increasing pressure from activists over the past few months, with demonstrators interrupting a recent speech by CEO Jamie Dimon in Florida this February, and nearly weekly demonstrations at bank branches across the country. The Stop the Money Pipeline campaign began with a sit-in at a Chase Bank branch in Washington, D.C. that garnered national media attention.
Other targets for the April 23rd day of action include: Liberty Mutual, a leading insurer of fossil fuel projects; BlackRock, the largest asset manager in the world, who despite its recent announcements, continues to pump billions of dollars into fossil fuels and deforestation; and universities and pension funds who have failed to divest from fossil fuels. At many universities, students have given their administrations until Earth Day to divest or face protests on campus. Last week, there were divestment rallies on over 50 campuses across the country for Fossil Fuel Divestment Day.
The April 23rd Stop the Money Pipeline day of action is being organized as the second of three days of Climate Strikes that young people are planning around the 50th Anniversary of Earth Day. The three days will demonstrate the growing power of the climate movement and go after the two drivers of the climate emergency: money and politics.
On Day 1 of the strikes, Earth Day, the mobilization will begin with actions designed to show the breadth and depth of the climate movement, centering the leadership of Indigenous people, frontline communities, and people of color. Day 2, Thursday, April 23, will be Stop the Money Pipeline Day, focused on ending the financing of climate destruction. Day 3, Friday, April 24, will target elected officials and include a massive voter registration push.
The April actions will be accompanied by a major online push to get individuals and institutions to ditch their banks, insurance companies, and asset managers that are fueling the climate crisis and switch to sustainable alternatives. A video of Jane Fonda cutting up a Chase credit card has already been viewed nearly a million times and inspired hundreds of comments from people saying that they're prepared to do the same if Chase doesn't stop funding fossil fuels.
The Stop the Money Pipeline Day of Action will take place just weeks before shareholder season, when JP Morgan Chase and others are expected to come under pressure from shareholders to do more to address the climate emergency. Last week, Majority Action, a member of the Stop the Money Pipeline coalition, launched a campaign to oust former Exxon CEO Lee Raymond from his position as chair of the board of JP Morgan Chase. Meanwhile, at Barclays a group of influential shareholders is pressuring the bank to cut its ties with fossil fuel firms. And all eyes will be on BlackRock and State Street, as this shareholder season is the first test of recent announcements from both asset managers that they will starting using their voting power to push companies on climate change and vote out corporate leadership that doesn't act on climate.
According to the organizers at Stop the Money Pipeline, this is just the beginning. Now that the climate movement is following the money, it won't let up until not a penny more is invested in climate destruction.
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Trump Signs Executive Order to Advance 'Deeply Dangerous' Deep-Sea Mining
"The harm caused by deep-sea mining isn't restricted to the ocean floor: It will impact the entire water column, top to bottom, and everyone and everything relying on it," one campaigner warned.
Apr 24, 2025
Amid global calls for a ban on deep-sea mining to protect marine ecosystems, U.S. President Donald Trump on Thursday signed an executive order to advance the risky practice and "restore American dominance in offshore critical minerals and resources."
"The broad order avoids a direct confrontation with the United Nations-backed International Seabed Authority and seeks essentially to jump-start the mining of U.S. waters as part of a push to offset China's sweeping control of the critical minerals industry," notedReuters, which had previewed the measure aimed at attaining nickel, cobalt, copper, manganese, titanium, and rare earth elements.
"The International Seabed Authority—created by the United Nations Convention on the Law of the Sea, which the U.S. has not ratified—has for years been considering standards for deep-sea mining in international waters, although it has yet to formalize them due to unresolved differences over acceptable levels of dust, noise, and other factors from the practice," the agency reported.
Trump's order directs Cabinet members including Secretary of Commerce Howard Lutnick—whose department oversees the National Oceanic and Atmospheric Administration (NOAA)—to expedite the permit process and work on various related reports.
"Authorizing deep-sea mining outside international law is like lighting a match in a room full of dynamite—it threatens ecosystems, global cooperation, and U.S. credibility all at once."
Deep-sea mining is opposed by over 30 countries as well as academics and advocacy groups worldwide. Among them is Greenpeace USA, whose campaigner Arlo Hemphill said Thursday that "authorizing deep-sea mining outside international law is like lighting a match in a room full of dynamite—it threatens ecosystems, global cooperation, and U.S. credibility all at once."
"We condemn this administration's attempt to launch this destructive industry on the high seas in the Pacific by bypassing the United Nations process," Hemphill declared. "This is an insult to multilateralism and a slap in the face to all the countries and millions of people around the world who oppose this dangerous industry."
"But this executive order is not the start of deep-sea mining. Everywhere governments have tried to start deep-sea mining, they have failed. This will be no different," he added. "We call on the international community to stand against this unacceptable undermining of international cooperation by agreeing to a global moratorium on deep-sea mining. The United States government has no right to unilaterally allow an industry to destroy the common heritage of humankind, and rip up the deep sea for the profit of a few corporations."
No exaggeration, deep sea mining could cause the massive collapse of the entire deep sea ecosystem and food chain. This is an existential risk to every person on this planet. www.nytimes.com/2025/04/24/c...
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— Alejandra Caraballo (@esqueer.net) April 24, 2025 at 5:54 PM
Ocean Conservancy vice president for external affairs Jeff Watters also blasted the move, saying that "this executive order flies in the face of NOAA's mission. NOAA is charged with protecting, not imperiling, the ocean and its economic benefits, including fishing and tourism; and scientists agree that deep-sea mining is a deeply dangerous endeavor for our ocean and all of us who depend on it."
"Areas of the U.S. seafloor where test mining took place over 50 years ago still haven't fully recovered," Watters pointed out. "The harm caused by deep-sea mining isn't restricted to the ocean floor: It will impact the entire water column, top to bottom, and everyone and everything relying on it. Evidence tells us that areas targeted for deep-sea mining often overlap with important fisheries, raising serious concerns about the impacts on the country's $321 billion fishing industry."
He highlighted that "NOAA is already being threatened by this administration's unprecedented cuts. NOAA is the eyes and ears for our water and air. NOAA provides Americans with accessible and accurate weather forecasts; it tracks hurricanes and tsunamis; it responds to oil spills; it keeps seafood on the table; and so much more. Forcing the agency to carry out deep-sea mining permitting while these essential services are slashed will only harm our ocean and our country."
"It's not just our country this executive order would harm: This action has far-reaching implications beyond the U.S.," Watters added, warning that by unilaterally allowing deep-sea mining, "the administration is opening a door for other countries to do the same—and all of us, and the ocean we all depend on, will be worse off for it."
As The New York Timesreported:
The executive order could pave the way for the Metals Company, a prominent seabed mining company, to receive an expedited permit from NOAA to actively mine for the first time. The publicly traded company, based in Vancouver, British Columbia, disclosed in March that it would ask the Trump administration through a U.S. subsidiary for approval to mine in international waters. The company has already spent more than $500 million doing exploratory work.
"We have a boat that's production-ready," said Gerard Barron, the company's chief executive, in an interview on Thursday. "We have a means of processing the materials in an allied friendly partner nation. We're just missing the permit to allow us to begin."
In response to the late March disclosure—which came during International Seabed Authority negotiations—Louisa Casson, senior campaigner for Greenpeace International, said that "this is another of the Metals Company's pathetic ploys and an insult to multilateralism. It shows that a moratorium on deep-sea mining is more urgently needed than ever. It also proves that the company's CEO Gerard Barron's plans never focused on solutions for the climate catastrophe."
"The Metals Company is desperate and now is encouraging a breach of customary international law by announcing their intent to mine the international seabed through the United States' Deep-Sea Hard Mineral Resources Act," the camapigner asserted. "This comes after the Metals Company has spent years exerting immense pressure on the International Seabed Authority to try and force governments to allow mining in the international seabed—the common heritage of humankind."
Casson stressed that "states, civil society, scientists, companies, and Indigenous communities continue to resist these efforts. Having tried and failed to pressure the international community to meet their demands, this reckless announcement is a slap in the face to international cooperation."
Less than a week later, the Norwegian deep-sea mining company Loke Marine Minerals declared bankruptcy—which Haldis Tjeldflaat Helle, a campaigner for Greenpeace Nordic, noted came "on the same day that we shut down a deep-sea mining conference in Bergen."
The Norwegian government in December halted plans to move forward with deep-sea mining in the Arctic Ocean, which Steve Trent, CEO and founder of the Environmental Justice Foundation, had called "a testament to the power of principled, courageous political action, and... a moment to celebrate for environmental advocates, ocean ecosystems, and future generations alike."
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"We are an emergency response organization, but we have never seen anything like this massive disruption to global health and humanitarian programs."
Apr 24, 2025
As the Trump administration, spearheaded by Elon Musk's Department of Government Efficiency, dramatically slashes U.S. humanitarian assistance, the international medical charity Doctors Without Borders warned Thursday that the cuts are already "having devastating consequences for people who rely upon aid" across the Global South.
"The U.S. has long been the leading supporter of global health and humanitarian programs, responsible for around 40% of all related funding," Doctors Without Borders, known by its French acronym MSF, said in a statement. "These U.S. investments have helped improve the health and well-being of communities around the globe—and totaled less than 1% of the annual federal budget."
"It's shocking to see the U.S. abandon its leadership role in advancing global health and humanitarian efforts."
However, with the Trump administration slashing funding for U.S. Agency for International Development (USAID) contracts by 90%, including for programs that fed and provided healthcare for millions of people and fought diseases like malaria and HIV/AIDS, MSF USA CEO Avril Benoît said there will be "more preventable deaths and untold suffering around the world."
"These sudden cuts by the Trump administration are a human-made disaster for the millions of people struggling to survive amid wars, disease outbreaks, and other emergencies," Benoît warned. "We are an emergency response organization, but we have never seen anything like this massive disruption to global health and humanitarian programs."
"The risks are catastrophic, especially since people who rely on foreign assistance are already among the most vulnerable in the world," she added.
Although MSF received no U.S. government funding, the group noted that "we work closely with other health and humanitarian organizations to deliver vital services, and many of our activities involve programs that have been disrupted due to funding cuts."
"It will be much more difficult and costly to provide care when so many ministries of health have been affected globally and there are fewer community partners overall," the group said. "We will also be facing fewer places to refer patients for specialized services, as well as shortages and stockouts due to hamstrung supply chains."
"It's shocking to see the U.S. abandon its leadership role in advancing global health and humanitarian efforts," Benoît said. "U.S. assistance has been a lifeline for millions of people... We urge the administration and Congress to maintain commitments to support critical global health and humanitarian aid."
The MSF warning comes after the United Nations World Food Program said earlier this month that the Trump cuts to lifesaving aid programs "could amount to a death sentence for millions of people facing extreme hunger and starvation."
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UN Chief Urges 'Maximum Restraint' as India-Pakistan Tensions Flare After Kashmir Massacre
"Any issues between Pakistan and India, we believe can be and should be resolved peacefully through meaningful mutual engagement," said a spokesperson for U.N. Secretary-General António Guterres.
Apr 24, 2025
United Nations Secretary-General António Guterres on Thursday led calls for India and Pakistan to "exercise maximum restraint" as the nuclear-armed neighbors took tit-for-tat measures against each other in the wake of Tuesday's massacre of 26 people in Indian-occupied Kashmir.
Pakistan warned India that it was committing an "act of war" by suspending the landmark Indus Waters Treaty, which allows both countries to share the vital river system's flow. Pakistan announced the suspension of trade and closed its airspace to Indian flights. Both countries closed border ports of entry, canceled visas, and took other measures against each other.
India said it was downgrading relations with Pakistan, whom it blamed for supporting "cross-border terrorism" after gunmen killed 25 Indians and one Nepali and wounded at least 17 others at a popular vacation spot in Pahalgam, Kashmir on Tuesday.
"May sanity prevail between both nations."
A front group of the Pakistan-based militant group Lashkar-e-Taiba claimed responsibility for the attack, which killed mostly tourists.
Pakistani Defense Minister Khawaja Asif countered that his country's government believes "very strongly" that the attack "was a false flag operation."
Speaking Thursday, Stephane Dujarric, Guterres' spokesperson,
said that "we very much appeal to both the governments of Pakistan and India to exercise maximum restraint, and to ensure that the situation and the developments we've seen do not deteriorate any further."
"Any issues between Pakistan and India, we believe can be and should be resolved peacefully through meaningful mutual engagement," he added.
Progressives from both sides of the border echoed calls for restraint.
"We, the people of Kashmir, have already suffered so much over the years—and now, more than ever, we want peace to prevail in our homeland," Kashmiri social activist Jasib Shabir Bhat said on social media Wednesday. "We stand united for peace, for humanity, and for a better future for all."
Pakistani authori and activist Ehtesham Hassan wrote that "as a Pakistani who visited India and received immense love, I am devastated by the news from Pahalgam."
"I wish peace for the common people of India and Pakistan regardless of religion," Hassan added. "May sanity prevail between both nations."
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