Shareholder Showdown: The Most Important Climate Votes You\u2019ve Never Heard Of

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'Without Wall Street cash, the world's most polluting companies wouldn't get the capital they need to finance their toxic expansion,' writes Arielle Swernoff StopMoneyPipe on new ShareholderShowdown campaign

Arielle Swernoff is an organizer, strategist, and facilitator based in New York City. She is the Stop the Money Pipeline US Banks Campaign Manager.

Shareholder activism has been a tried and true technique of progressive movement organizations for years. Labor unions, environmental activists, and human rights campaigners have won big change by combining filing shareholder resolutions with public pressure and grassroots campaigns. Wall Street matters in the climate fight because fossil fuel companies simply don’t have the cash on hand to build new coal mines, oil fields, refineries, or pipelines whenever they want. Like other businesses, they need to go to the bank for financing, often in the billions of dollars.

 

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