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Indybay FeatureRelated Categories: Peninsula | Environment & Forest Defense
Protesters Demand Banks Stop Financing Desecration of the Earth
On October 23rd protesters in Palo Alto demanded that banks stop financing human rights abuses, repression of indigenous rights, and desecration of the earth. There was much discussion in the crowd about closing bank accounts from the Big Banks and depositing money in credit unions instead. In addition to indigenous speakers, a representative from the Public Bank of Oakland spoke about the possibility of a new kind of banking.
Top photo: Kanyon raises a fist. She is from Indian Canyon near Hollister, CA. Indian Canyon is within Costanoan-Ohlone territory, and anyone of Native American heritage can hold ceremonies on this sacred land.
On October 23rd, 92 of the world's largest banks met in São Paolo, Brazil to discuss policies on the climate and indigenous people's rights to Free, Prior, and Informed Consent (FPIC). These banks included Dakota Access Pipeline (DAPL) financiers such as Wells Fargo, Bank of America, J.P. Morgan Chase, and many more.
Mazaska Talks called on allies everywhere to join a mass global action to make it clear to the banks that financing climate disaster and the abuse of indigenous peoples is starting a global divestment movement. In Palo Alto today, a rally featuring indigenous activist speakers was part of that international action.
Oil pipelines have made news because they destroy the environment and repress indigenous rights. But there is more to it when it comes to the Big Banks as nearly all are involved in unethical practices of one kind or another whether it be prisons, fossil fuel projects, or weapons manufacturing. A speaker from Oakland at the Palo Alto rally described the movement to establish a Public Bank of Oakland. She said Oakland residents working on the project want to see a public bank flourish that helps the community and provides an example for other jurisdictions wishing to rid themselves of their dependence on Wall Street banks.
...in discussion with Green Party members
David spoke about the effects of climate change in that state and how indigenous culture there is being destroyed because of it