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Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
Three members of the Just Economy Institute share their insights on how to weave multiple worlds together to accelerate change.
Most activists sense the dense web of connections linking social, economic and climate justice issues, yet stick largely to their own anchor points. It’s time to come unstuck. To make progress at a pace that matches the urgency of our problems, we must widen the circles of activism and invite everyone in.
“We need to take big leaps of faith,” says Akaya Windwood, lead advisor for Third Act and founder of the New Universal Wisdom and Leadership Institute. “There are enough of us now doing this work. We have everything we need in order to make transformation happen.”
To find out what it means to pull all the pieces together, we interviewed three members of the Just Economy Institute who are doing it: Windwood; Tzeporah Berman, international program director at Stand.earth; and Stephone Coward, economic justice director at the Hip Hop Caucus. Here are their insights on how to weave multiple worlds together to accelerate change.
Many fellows who came to our program with a social justice focus have dissociated from money. What they find, though, is that tracing its flow reveals hidden leverage points.
“There’s an opportunity to lean more into the power that people have through their money—even if they don’t have a great portfolio—to send a message that we can’t prioritize profit over people,” says Coward.
To that end, Coward recently launched Bank Black and Green, a multiyear campaign to rally impact investors to shift capital to Black-owned banks that pledge not to finance the fossil fuel industry or mass incarceration.
“These minority depository institutions are frontline actors in a just transition from the current extractive economy to a regenerative one,” Coward says. Meanwhile, “fossil fuel companies come into underdeveloped communities with the promise of good jobs and actually end up poisoning these communities, lowering the value of homes and local businesses, and driving away other forms of economic investment.”
“We need to bring the organizing away from the centers of power and into the centers of impact, where climate change is already hitting hard,” says Coward. “New York, D.C., L.A.—places like that are important, but the people who live in the Gulf states also want and need to be a part of this work. We have to build power and mobilize people in the South.”
That requires a long-term commitment, he adds—not just “parachuting into communities to do some type of vanity project and then leaving. And in order for us to do this financial activism and climate activism work together, we’ve got to understand where people are currently.”
“If we’re actually going to change things, we need to start finding honest common ground.”
This is true in every dimension of difference. “It’s been eye opening to me to understand that we are having two very different conversations generationally,” Windwood says, “and I'm coming to the understanding that cross-generational work is as essential as working across race, gender, and class—and perhaps more salient now than anything else.”
Doing that work, she adds, requires moving away from negative communication habits.
“One of the most toxic patterns in our social movements is the critiquing that we do, the contest to see who’s the smartest person in the room—and the way I can tell you that I’m the smartest person in the room is by tearing down your ideas,” Windwood says. “If we’re actually going to change things, we need to start finding honest common ground. Imagine going to a social justice gathering where we are welcoming and kind, and can disagree with some grace.”
“We have got to learn how to listen—listen to understand, not to respond,” says Berman, whose organization builds power side-by-side with the frontline communities most impacted by environmental crises.
“There is an inherent tension in the work we do, because when you work on environmental and climate issues, you always feel like you’re racing against the clock,” she says. “Yet true justice-based relationships that are not extractive take trust, and trust takes time.”
Building trust—especially with frontline communities—starts with the approach to developing the campaign, she adds: The most effective actions involve co-creating the strategy, not just giving people the opportunity to have a voice in it. Berman offers Stand.earth’s Amazon campaign, which persuaded banks to shift billions of dollars away from financing oil extraction.
“We built a resistance strategy jointly with Indigenous associations and leadership. And when we decided to try to convince banks to stop funding oil drilling in the heart of the Amazon, we weren’t just facilitating Indigenous leaders to do a speech to a bank,” Berman said. “Instead, our researchers briefed them on all the financial information and answered their questions so that when the Indigenous leaders showed up in a meeting with vice presidents of some of the largest banks in the world, they were negotiating with real information, and they were equal partners.”
“Those bank executives were hearing not just the story of impacts on the land and in the forest, but an assessment of their recent financial transactions in the oil trade and a direct request to stop this contract and no longer pursue this particular company. They didn’t expect that.”
Activism by its nature is focused on problems, and that can make the work feel grim to people who don’t do it for a living—and even to some who do.
“We need people to stay for the long-term. Our hope must be louder than the other side’s grievances,” Coward says. “We can use the power of storytelling to put out something aspirational, to talk about what a society that doesn’t prioritize profit over people looks like.”
Windwood echoes the need for “stories that tell us of possible futures,” along with an experience of community. “I think that’s why Third Act is so effective, and how we went from an idea two years ago to having over 70,000 members today,” she says. “When we say, ‘Let’s go sit in front of the banks in our rocking chairs,’ people want to do that. Why? Because it’s fun.”
Berman’s parting advice: “Find ways to experience joy together. It will do more to strengthen your work than anything else because joy is the justice we give ourselves in troubled times.”
Wall Street giant responsible for massive funding of fossil fuels accused of "robbing our grandchildren's future."
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.
"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.
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.