Divest

Fossil fuel companies are destroying the climate.

Fossil fuels—coal, oil and natural gas—once served us well, but it has long been clear that their continued use will lead to catastrophic climate change. Despite this, companies continue to drill, mine and extract their destructive products; from mountaintop removal in Appalachia, to earth-quake inducing fracking in Oklahoma, to tar sands extraction in Canada, to expanding deep-sea drilling.

Banks are funding them.

The continued expansion and operation of the fossil fuel industry is funded by banks. Mega-banks like Wells Fargo, Chase, Citibank and Bank of America provide billions of dollars for new pipelines and infrastructure. They are funding the Dakota Access Pipeline, the Keystone Pipeline, the Kinder Morgan Pipeline and even the Liquefied (Un)Natural (Fracked) Gas facility here in Tacoma.

We can stop them.

As our native allies say “to stop the flow of oil we need to stop the flow of dollars.” By withdrawing our business and our money from such banks, we can send a powerful message that fossil fuel investment is no longer acceptable. Those investments represent a small percentage of mega-bank portfolios and losing the business of individuals, organizations and entire cities threatens their bottom line: profit.

Divest.

Money talks. Transferring your money to a local, community-oriented, member-driven credit union, such as BECU or TapCo, sends a powerful message to those mega banks. The City of Seattle has already pledged to stop using Wells Fargo. We need to maintain that momentum to ensure the banks understand what is at stake. We all need to divest our money from the banks funding the climate catastrophe.


Our Campaign

Tacoma Divest! is a campaign run by 350 Tacoma in support of the indigenous-led Mazaska Talks (Money Talks) campaign.  The Mazaska Talks campaign calls upon individuals, organizations and communities to divest their money from the banks that are funding the pipelines transporting oil from the tar sands in Canada.

Here in Tacoma we will support that campaign by deploying our creativity and passion in carrying out education, outreach, demonstrations, and, when called for, non-violent civil disobedience.

What can I do?

  • Visit our Divest Me page to move your money.
  • Join 350 Tacoma’s Divest Team: email divest@350tacoma.org and join us at our next meeting.
  • Reach out to family and friends about the importance of divesting.
  • Speak to the head of your organization, community or religious group about divesting.