Atlantic Coast Pipeline protesters target Bank of America’s shareholders
CHARLOTTE, N.C. – Environmental and social justice protesters today demonstrated outside of Bank of America’s annual general meeting, demanding that the bank halt any further funding for the Atlantic Coast Pipeline and other fossil fuel projects. Protest sponsors were Friends of the Earth U.S, 350.org Charlotte, North Carolina Climate Solutions Coalition, NC Clean Path 2025 Charlotte and the NC Poor People’s Campaign Ecological Devastation.
“The Atlantic Coast Pipeline is economically and environmentally reckless,” said Donna Chavis, senior fossil fuels campaigner at Friends of the Earth. “The pipeline is just one example of how Bank of America is fueling the climate crisis. Investors should be aware that Bank of America’s pumping of finance into fossil fuel infrastructure is accelerating climate catastrophe and community destruction. This is bad for the Earth, and bad for investors’ bottom-line.”
The protests come shortly after over 100 groups sent a letter to Bank of America CEO Brian Moynihan, which called on the bank to refrain from any further financing of the Atlantic Coast Pipeline.
“As lead arranger and bookrunner for a loan to Atlantic Coast Pipeline, LLC, and especially as a multinational corporation that calls North Carolina home, Bank of America has a special responsibility to drop its support for this reckless project,” the groups wrote. Therefore, ahead of Bank of America’s annual general meeting (AGM) in Charlotte, we call on Bank of America to publicly commit to no further financing for the ACP, and to urge other investors to do the same.”