DC Communities and Businesses Gather to Call on the City Council to Divest from Banks Financing Dirty Fuels Projects


For immediate release, September 21, 2017

Washington, DC — On Sunday, September 24th, businesses and communities throughout Washington DC will gather to discuss the urgent need to divest financially from banks and institutions fund fossil fuel infrastructure projects and call on the City Council to act immediately.

The event is being hosted by the Sierra Club and DC ReInvest, a coalition of DC based grassroots groups working to divest DC taxpayer money from banks that fund the companies constructing the Potomac Pipeline, private prisons, and predatory lending.

Jeremiah Lowery, Climate Justice Organizer with Chesapeake Climate Action Network and Sierra Club DC board member:

“Wells Fargo’s unjust investments in pipelines and private prisons directly harm DC residents. Cutting ties with Wells Fargo is a common-sense first step toward building a brighter future for DC—a future where all District residents have access to clean water, unpolluted air, and opportunities to thrive. If DC Council takes action, I know that future is possible.”

Eleanor Sarkodie, organizer with DC ReInvest Coalition:

“Breaking down barriers to economic opportunity in this city requires that we regain control of our local tax dollars, and ensure that they serve to develop our neighborhoods, schools, and environment. If the Council is serious about economic and environmental justice, then they must get serious about divesting from big banks like Wells Fargo that threaten our communities.”

Charlie Jiang, organizer with DC ReInvest Coalition:

“From Hurricanes Harvey and Irma to the wildfires in the western US to the devastating floods and droughts from Bangladesh to Nigeria, climate change is here—and the fossil fuel industry is responsible. Instead of funneling DC residents’ tax dollars into a bank that funds climate disasters, DC should invest in socially and environmentally responsible institutions that will work to build a resilient, thriving District for all of us.”

WHAT: Community gathering of local residents and organizations to discuss the need to divest ourselves and our community from institutions that finance climate change and human rights abuses. Resources will be available to learn how to move your money, and how to encourage the DC Council to move our city’s money from Wells Fargo.

WHEN: Sunday, September 24th, 1-3 PM

WHERE: Uptown Art House, 3412 Connecticut Ave NW, Washington, DC (map)

For additional information, please visit the Facebook event for Divest Fest here.

Contact: Jonathon Berman, Sierra Club,  [email protected]
Devyn Powell, DC ReInvest, [email protected]