Climate Activists Demand Federal Reserve to Divest from Fossil Fuels

Climate activists blockaded the Federal Reserve Bank in New York, calling for an end to funding for coal, oil, and gas. The action, organized by a coalition of local and national organizations, aimed to highlight the role of big banks in climate change. Over 100 people were arrested during the protest. The activists emphasized the need to address both public and private fossil fuel financing, with government subsidies reaching a record high and major private banks providing trillions of dollars to the fossil fuel industry. This action follows a series of global protests targeting financial institutions and coincides with the United Nations Climate Ambition Summit.