"If Citibank, the Bank of Tokyo-Mitsubishi, Mizuho Bank and TD Securities were to hold back the remaining $1.4 billion, the cash for the pipeline could dry up and the project could come grinding to a potentially permanent halt." -- DefundDAPL.org
We've promoted divestment since our group formed in September. And now we have a new team focusing on divestment. Our goals are to get the City of Santa Rosa to do a public proclamation that they have divested from fossil fuels, and to get the city to divest from Wells Fargo. However there are no socially responsible banks large enough to handle the city's account that can insure accounts over $250,000.
So our goal is to have the city start a public bank so they don't have to bank at Wall Street banks which are just as bad as Wells Fargo! There are other huge local benefits to public banking as well. A public bank is a wholesale bank. It does not compete with local banks, credit unions and savings and loans. As a wholesale bank, it is able to partner with local banks, credit unions and savings & loans to lower interest rates and keep money and invest in the local community.
Come join us! Come make this happen!
Check our Facebook Eventa page for any updates/future events/changes. And divest!
This event is wheelchair accessible.
#PublicBanking, #Divestment, #DefundDAPL