Greg Marsello: Pull money out of the big banks that are supporting oil industry

Addressing climate change and wealth distribution will not happen when big banks — Bank of America, Wells Fargo, Citibank (check your L.L. Bean credit card) and Chase, continue to invest in Big Oil (for short-term profits) and not sustainable energy and climate change solutions (for long-term survival), and when Big Oil distributes profits to shareholders instead of sharing the wealth and investing in the future.

While all of us need to make smart individual and community energy decisions, there are two climate approaches that will lead to climate justice.

Support Third Act, an organization encouraging citizens to pull their money out of big banks to pressure them to switch their investment strategy.

On March 21, Third Act is leading a nationwide day of action pledging. If big banks are still funding climate-destroying fossil fuel projects, close your bank account and cut up your credit card and don’t bank with big banks in the future. For more information go to thirdact.org.

Support Citizens’ Climate Lobby, a nonpartisan, grassroots advocacy climate change organization focused on national policies to address climate change such as carbon pricing, electrification and efficiency, healthy forests and clean energy permitting reform. For more information go to citizensclimatelobby.org.

Citizens’ carbon-pricing solution includes a fee placed on fossil fuels at the source, money collected being returned to American households, and a broader carbon adjustment on goods to and from countries not adopting an equivalent price on carbon.

There are multiple solutions, but telling big banks to stop investing in Big Oil and lobbying our politicians for carbon pricing speaks directly to Mr. Witt’s concerns.

Joyce Allan and Greg Marsello

Jackson