New York environmentalists are protesting banks heavily invested in the fossil fuel industry as part of a national day of action today (Tuesday). Led by the group Third Act, protests across the U.S. will consist of rallies, art installations, and activists cutting up credit cards. According to the Rainforest Action Network's 2022 Fossil Fuel Finance report, the world's 60 largest banks invested over $4.5-trillion in fossil fuels since the Paris Climate Agreement was adopted in 2016.

Vanessa Arcara, president and co-founder of Third Act, said banks like JP Morgan Chase, Citi, Wells Fargo, and Bank of America are some of the biggest offenders in the U.S.

"These four banks alone have provided well over one trillion dollars in lending and underwriting to the fossil fuel companies that build things like new coal plants, fracking wells, gas export terminals, and more," she said.

Arcara said one person at a time closing their accounts with these banks will not force them into bankruptcy, but hopes these protests shine a light on what these banks are doing. Since 2017, several so-called "green banks, including one in New York, have opened. They are dedicated to investing in myriad environmentally friendly and positive climate change projects.

Some banks have made commitments to turn over a new leaf on investing in green projects. In its 2022 Climate Report, JP Morgan Chase aims to finance over $2.5 trillion dollars in sustainable development, with over $106-billion of green activities financed. Yet, according to Third Act, the company has been playing both sides of the environmental game. Arcara noted people need to pay attention to where banks are putting their money to use.

"A lot of these banks have signed on to the various councils, saying publicly that they're in support of climate targets. But that certainly doesn't bear out when you look at the numbers and the types of investment strategies that they continue to pursue," she said.

Along with the large investment made in green projects, JP Morgan Chase, along with Citi, provided the most financing to offshore oil and gas in 2021, according to the Rainforest Action Network report. In total, big banks funneled about $53-billion into that industry.


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Next week, elected officials in Minnesota, along with Latine and environmental organizations, will gather to discuss a recent delegation trip to Puerto Rico.

Participants said climate solutions they observed underscore the strength of grassroots work. The weeklong visit in the first half of August was led by Communities Organizing Latine Power and Action. Those who made the trip saw firsthand how certain areas are establishing climate resiliency in the wake of two large hurricanes that devastated the island in 2017.

Rep. María Isa Pérez-Vega, DFL-St. Paul, who has Puerto Rican roots, was part of the delegation and said community-driven efforts really stood out.

"We have resources here in the states that they don't," Pérez-Vega explained. "They've managed to live without power, without water, without hospitals, and schools being shut down."

The delegation pointed to a mountain town developing a community-owned solar microgrid which stands a better chance of keeping the power on in a disaster. Officials hope such work inspires Minnesota community organizers to balance their grassroots responses to climate threats with calls for more equitable policies.

Next Tuesday's discussion will be held from 6 p.m. to 8 p.m. at the group's worker center in South Minneapolis.

Ryan Pérez, organizing director for the group Communities Organizing Latine Power and Action, said the trip also revealed more issues stemming from climate migration.

"We were really fortunate enough to visit a migration organization in Puerto Rico," Pérez recounted. "That organization actually addresses Dominicans and Haitians that migrate to the island because the conditions there are better than in the Dominican Republic and Haiti."

Pérez noted within Puerto Rico, there are some levels of discrimination toward those migrating to the island. He suggested while the Midwest faces its own climate threats, the Minnesota region could learn lessons about welcoming others who travel here to escape weather disasters from other parts of the world.

The L.A. area is about to get $12-million dollars from Bezos Earth Fund's "Greening America's Cities" initiative. One of the first projects will be the restoration of the Pacoima wash, which will make nature more accessible and help in the fight against climate change.

Amanda Pantoja, a sustainable communities advocate with GreenLatinos, has received $4.75-million to oversee many of the projects.

"There will also be projects to plant trees in Los Angeles. And that will help to sequester carbon and provide shade for the city," she explained.

Some of the funds will go to a community garden project near public housing, run by the East L.A. Community Corporation. The $400-million dollar "Greening America's Cities" program will also fund equitable and sustainable greening efforts in Albuquerque, Atlanta, Chicago, and Wilmington, Delaware.

Pantoja noted communities of color in L.A. bear the greatest burden of climate impacts linked to extreme heat and pollution.

"It's also tied to the lack of green spaces in these communities. In Los Angeles County, for example, there is a median of only three acres of park space for every 1,000 residents," she explained. "And that is half of the median for the entire nation."

A 2021 investigation by the L.A. Times found that wealthier, tree-covered neighborhoods can be as much as ten degrees cooler than low-income communities that have few trees but a lot of pavement and large buildings that absorb heat.

People's wallets continue to feel the impact of high food prices, and local environmental groups say sustainable food systems and regenerative farming are solutions that deserve support in the next Farm Bill. Lawmakers are currently at work shaping the legislation to replace the current Farm Bill, enacted in 2018 and set to expire this fall.

Hank Grady, a member of the Sierra Club Kentucky Chapter, explained relative to many other states, Kentucky is home to a large number of farmers working on more than 75,000 farms across the state, and said many producers are looking to transition away from the industrial farming model.

"We believe that in the short run and the long run, this will provide a better alternative and a healthier product than the industrial alternative," he continued.

According to the Sierra Club, certain soils also are effective at capturing carbon, but excessive tillage, overgrazing, erosion and overuse use of fertilizers in industrial farming have depleted their ability to reduce greenhouse gases and lessen the impact of climate change.

Grady said efforts to improve water quality have largely been left out of industrial agriculture, and added while the state's Agriculture Water Quality Authority is an innovative program, it has not gone far enough to help implement sustainable practices that keep local waterways pollution-free and provide healthy food.

"We would like to see it amended, so it not only attempts to protect water quality in Kentucky from agricultural pollution, but also protects soil and helps farmers build a healthier soil system - one that is not heavily reliant on chemicals and monoculture," he said.

According to the CDC, concentrated animal feeding operations or CAFOS, poorly managed application of pesticides, irrigation water, fertilizer, overgrazing and overworking the land can all result in contaminated waterways.