December, 13 2021, 04:21pm EDT
![Stop the Money Pipeline](https://assets.rbl.ms/32012571/origin.jpg)
Climate Groups Blast Alec for Legislation Against Fossil Fuel Divestment and Regulation
WASHINGTON
On December 3rd, the Center for Media and Democracy reported that the American Legislative Exchange Council voted to support two pieces of model legislation attacking fossil fuel divestment titled the "Energy Discrimination Elimination Act" and "Resolution Opposing Securities and Exchange Commission and White House Mandates on Climate-Related Financial Matters."
In response, 38 climate organizations sent a letter to the executive directors of the National Association of State Treasurers and the National Association of State Auditors, Comptrollers, and Treasurers. The letter urges officials to heed the call of scientists, financial experts and the International Energy Agency (IEA) by moving state funds to a 1.5degC-aligned pathway and decreasing the exposure of those funds to the fossil fuel and other carbon-intensive industries.
International and national signatories released the following statements:
"It's so predictable that an organization like ALEC that's fueled crises in BIPOC communities with policies and platforms that sustain corporate power and white supremacy, is trying to thwart the people-centered movement for real action on climate change and financial regulation. The 2008 crash showed us that the financial sector will always put profit before people and we're seeing that again with Wall Street continuing to pump trillions into the fossil fuel industry. This is why we need policymakers and financial regulators to stand up to corrupt groups like ALEC and listen to scientists and frontline communities to shepherd a just transition off of extractive fossil fuels," said Erika Thi Patterson, Campaign Director of Climate and Environmental Justice for the Action Center on Race and the Economy.
"In an effort to protect the fossil fuel industry and its profits, ALEC is essentially pushing for economic and climate catastrophe. These catastrophes will be measured in lives and livelihoods, impacting BIPOC communities first and worst. ALEC says fossil fuel divestment is discriminatory. But it's the actions of the fossil fuel industry and ALEC that have been truly discriminatory towards BIPOC communities, workers, and our planet. Policymakers and regulators should heed the calls of scientists and civil society organisations to rapidly transition off fossil fuels in a just and equitable way," said Akiksha Chatterji of Positive Money US.
"It's ridiculous that supposedly pro-free market forces are trying to mandate how banks conduct their business. But this farce becomes tragedy when ALEC's work locks in stranded assets and ultimately locks in humanity to more warming, more chaos, and more disasters," said RL Miller of Climate Hawks Vote.
"ALEC has been widely discredited as a special-interests front group for some of the most corrupt, and dishonest corporate interests of the modern era. Policy-makers should listen to science, unbiased experts, and their community members - by crafting smart legislation that reflects the global commitment to address climate justice by developing a rapid, just transition off of fossil fuels," said Matt Leonard of Oil and Gas Action Network
"It was only a matter of time before ALEC and Big Oil would attempt to hold even Wall Street banks hostage to their climate, economy and community destroying agenda. They are willing to let the climate burn, leave the economy in ruins, and derail any just transition just to squeeze out a few a few more quarterly profits," said Doug Norlen, Economic Policy Program Director, Friends of the Earth US.
Signatories to the letter include:
International and National Organizations
- Friends of the Earth U.S.
- Rainforest Action Network
- Action Center on Race and the Economy
- Future Coalition
- Earth Guardians
- GreenLatinos
- Bold Alliance
- Positive Money US
- 198 methods
- Oil and Gas Action Network
- Climate Hawks Vote
- EcoEquity
- Animals Are Sentient Beings, Inc.
State/Local Groups
- 1000 Grandmothers for Future Generations
- Athens County's Future Action Network
- Baltimore, MD Phil Berrigan Memorial Chapter Veterans For Peace
- Center for Sustainable Economy
- Climate Action Rhode Island - 350
- Connecticut Citizen Action Group (CCAG)
- Divest Oregon
- Extinction Rebellion San Francisco Bay Area
- Extinction Rebellion Western Massachusetts
- Mid-Ohio Valley Climate Action
- Minnesota Interfaith Power & Light
- NJ State Industrial Union Council
- Wisconsin Climate Safe Pensions Coalition
- Terra Advocati
- 350 Butte County
- 350 Conejo / San Fernando Valley
- 350 Eastside
- 350 Eugene
- 350 Hawaii
- 350 Madison
- 350NYC
- 350PDX
- 350 Seattle
- 350 Silicon Valley
- Sunrise Twin Cities
The Stop the Money Pipeline coalition is over 160 organizations strong holding the financial backers of climate chaos accountable.
LATEST NEWS
House Progressives Rip GOP for Siding With Credit Card Giants on Junk Fees
"It is critical that the American people understand the House Republican Conference's firm and dedicated commitment to protecting the business model of unfettered, predatory fines."
Jul 17, 2024
Members of the Congressional Progressive Caucus on Wednesday slammed their House Republican colleagues for siding with credit card giants over U.S. consumers by attempting to roll back a Biden administration rule banning excessive late fees—a major profit source for card issuers.
The House's Republican majority is expected in the near future to schedule a floor vote on a GOP-authored resolution that would use the Congressional Review Act to undo the Consumer Financial Protection Bureau's (CFPB) rule lowering the typical credit card late fee from $32 to $8.
The CFPB is currently
fighting a Trump-appointed judge's injunction against the rule, which the agency estimates would save Americans more than $14 billion a year in fees.
In a letter to House Speaker Mike Johnson (R-La.), Rep. Pramila Jayapal (D-Wash.)—the chair of the CPC—and more than 50 fellow caucus members welcomed the "opportunity to highlight the Republican majority's enthusiastic support for junk fees, including exorbitant credit card fees."
The letter continues:
We think it is critical that the American people understand the House Republican Conference's firm and dedicated commitment to protecting the business model of unfettered, predatory fines imposed by large corporate banks against ordinary Americans. Thanks to the leadership of the Biden Administration and the CFPB, Americans will collectively receive $10 billion in annual relief from this rule, curbing junk fees levied by profitable credit card giants on consumers.
We look forward to a promptly scheduled vote that allows every House Republican to go on the record opposing an initiative that will rein in a loophole exploited by corporate giants to boost their profits at the expense of American households and create an average savings of $220 per year for more than 45 million people who are charged late fees by large credit card companies.
"We are unsurprised that House Republicans uniformly insist on defending large corporate banks’ current practice of overcharging Americans with credit card late fees," the progressive lawmakers added, "and welcome the opportunity to highlight the contrast in our priorities on the House floor this summer."
A new @POTUS + @CFPB rule means big banks won’t be able to charge over $8 in late fees for credit card payments.
Surprising no one, @HouseGOP is trying to block it 🫠@SpeakerJohnson: bring this bill to a vote & make your members' support for predatory junk fees official. pic.twitter.com/JuzHU921ur
— Progressive Caucus (@USProgressives) July 17, 2024
The House GOP's defense of junk fees undercuts the election-year narrative of ascendant pro-worker populism within the Republican Party, which is working aggressively to overturn labor protections enacted by the Biden administration.
In April, Republicans on the House Financial Services Committee voted unanimously to advance Rep. Andy Barr's (R-Ky.) resolution to undo the CFPB's rule on late fees. Every Democrat on the panel voted no.
The House Republicans who backed Barr's resolution have received millions of dollars in donations from leading credit card issuers and industry groups fighting the CFPB rule, according to the progressive watchdog group Accountable.US.
Sen. Tim Scott (R-S.C.), a vocal supporter of Republican presidential nominee Donald Trump, is leading the Senate effort to roll back the CFPB rule and has criticized the Biden administration for characterizing credit card late-payment penalties as "junk fees."
According to OpenSecrets, Goldman Sachs employees, executives, and PACs have been Scott's largest campaign contributors over the course of his Senate career.
Sen. Elizabeth Warren (D-Mass.) said during a Senate Banking Committee hearing last month that Republicans are "falling all over themselves to defend these junk fees."
"If you're wondering why Republicans are introducing legislation to protect junk fees and working overtime to come up with fantastical legal theories to kill the CFPB, I think the answer is pretty clear," said Warren. "Republicans are in bed with big business to rip off families and to protect corporate bottom lines."
Keep ReadingShow Less
81 Dead in Gaza in 24 Hours, Schools Targeted
"Why do they target us when we are innocent people?" said a Palestinian woman sheltering at a school attacked Tuesday. "We do not carry weapons but are just sitting and trying to find safety for ourselves and our children."
Jul 17, 2024
Israeli attacks have killed 81 Palestinians over roughly the last 24 hours, including an attack on a United Nations-run school shelter in Nuseirat refugee camp in central Gaza, according to data released by the Gaza health ministry on Wednesday.
The Nuseirat strike, which killed 23 Palestinians on Tuesday, was at least the eighth Israeli attack on a school shelter in the last ten days. Six of the schools had been run by the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA).
"Why do they target us when we are innocent people?" Umm Mohammed al-Hasanat, a woman who was sheltering at the Nuseirat school, askedAl Jazeera.
"We do not carry weapons but are just sitting and trying to find safety for ourselves and our children," she said.
A Palestinian mother struggles to bid farewell to her son, killed by the israelis in an air strike that targeted the Razi UNRWA school in Nuseirat pic.twitter.com/LbRsw6INhg
— Sarah Wilkinson (@swilkinsonbc) July 16, 2024
Palestinians inspect the Abdullah Azzam Mosque and its surroundings after the Israeli occupation bombed the area in Nuseirat camp, leaving massive piles of rubble behind. pic.twitter.com/rMEfRK1p5G
— PALESTINE ONLINE 🇵🇸 (@OnlinePalEng) July 17, 2024
The Nuseirat attack was one of many in the last two days across the Gaza Strip.
A strike near Cairo School in the al-Rimal neighborhood of Gaza City on Wednesday killed at least nine, including three children. An overnight strike on a house in Al-Zawyda in central Gaza killed eight, while an attack on a house Wednesday in the Khan Younis area killed five. An Israeli bombing also killed two in the al-Shakoush area northwest of Rafah on Wednesday. Israeli tanks also advanced into northern Rafah, Reutersreported.
The latest string of attacks included another on Tuesday in which Israeli forces killed about 17 in a strike on a "safe" zone in al-Mawasi, a coastal area west of Khan Younis where refugees have gathered.
Even before Tuesday, Gazans were facing one of the deadliest weeks since the war began. Israel bombarded the al-Mawasi camp on Saturday, killing more than 90 Palestinians. Israeli forces also killed at least 17 people on Sunday in an attack on the UNRWA-run Abu Oreiban school in Nuseirat, which was housing thousands of displaced people; most of the dead were women and children, according toAl Jazeera.
UNRWA announced last week that Israeli forces have targeted two-thirds of the schools it administers in Gaza and attacked its facilities 453 times overall since the start of the war. Nearly 200 UNRWA staff members have been killed, the U.N. agency said.
The agency reiterated its call for a stop to Israeli targeting of its facilities in a social media message on Tuesday: "Nowhere is safe. The blatant disregard for U.N. premises and humanitarian law must stop."
Nearly 70% of @UNRWA schools in #Gaza have been hit since the war began.
Over 95% of these schools were used as shelters when hit. 539 people sheltering in UNRWA facilities have been killed.
Nowhere is safe. The blatant disregard for @UN premises and humanitarian law must stop. pic.twitter.com/EKiSiOm2kc
— UNRWA (@UNRWA) July 16, 2024
News of the atrocities in Gaza came as Human Rights Watch (HRW) on Wednesday issued a 236-page report on the atrocities of October 7, in which Hamas-led armed groups killed roughly 1,200 Israelis and kidnapped more than 250. The report's authors found that the groups had committed "crimes against humanity" and "war crimes" in their attack in southern Israel.
"Human Rights Watch research found that the Hamas-led assault on October 7 was designed to kill civilians and take as many people as possible hostage," Ida Sawyer, HRW's crisis and conflict director, said in a statement accompanying the report's release. "The October 7 atrocities should spur a global call to action for an end to all abuses against civilians in Israel and Palestine."
Keep ReadingShow Less
JD Vance Supports Tracking Abortion Seekers
"Donald Trump and J.D. Vance have a dark and dystopian vision for America's future, in which women are hunted across state lines for accessing basic healthcare," said one Democratic lawmaker.
Jul 17, 2024
As Republicans feted U.S. Sen. JD Vance Tuesday night at the GOP's national convention, welcoming the author and venture capitalist as presidential nominee Donald Trump's running mate, one of Vance's proposals for the future of abortion rights in the U.S. made national news.
Citing reporting from The Lever, MSNBC anchor Rachel Maddow warned viewers about Vance's endorsement of a request by at least 19 Republican attorneys general who asked the Biden administration to allow them access to the medical records of people who travel across state lines, including to states that allow abortion care.
"They want the right to follow women from their states all over the country to see if they might be getting an abortion somewhere. or might be getting any other kind of reproductive care anywhere that they want to bring criminal charges about, so they can use those records for prosecutions," said Maddow.
Last year, she added, Vance joined other GOP lawmakers in pressuring the Biden administration to withdraw a rule it introduced after the U.S. Supreme Court overturned Roe v. Wade. The rule prevents state and local police in states that ban abortion from using medical records to prosecute people who have obtained abortion care elsewhere.
"If Donald Trump and JD Vance are elected in November, they will have the power to withdraw the Biden administration's privacy rule on this issue," said Maddow.
Maddow's warning is "not overstated," said David Sirota, founder and editor-in-chief of The Lever.
As Common Dreamsreported Tuesday, despite recent attempts by the Republican Party and Trump to suggest their ultimate goal is not to prohibit abortion care nationwide, Trump's selection of Vance as his vice presidential nominee elevated a lawmaker who has endorsed a 15-week nationwide ban and has opposed any exceptions for victims of rape or incest.
Vance's support for rescinding President Joe Biden's medical privacy rule exemplifies the "dark and dystopian vision for America's future" that the senator and former president have, said New York state Sen. Liz Krueger (D-28).
"This aspect of the post-Dobbs world is often treated as hyperbole in mainstream news coverage, something that might be theoretically possible but not something that's actually going to happen," wrote Josh Marshall at Talking Points Memo of the attack on medical privacy. "But Vance was one of only eight senators who thought [the Biden rule]... endangered 'valid state laws protecting life' and would 'limit cooperation with law enforcement.'"
"He's for real about this stuff," wrote Marshall, denouncing Vance as a "menstrual surveillance hawk."
Keep ReadingShow Less
Most Popular