Climate Activists Arrested While Protesting Fossil Fuel Funding at Federal Reserve Bank in New York
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Climate activists blocked the Federal Reserve bank in New York, calling for an end to funding for fossil fuels. Police arrested scores of demonstrators.
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The protest came after Sunday's 75,000-person climate march in NYC and as world leaders arrive for the UN General Assembly.
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Activists say big banks like the Federal Reserve enable climate change through financing fossil fuels. They're willing to risk arrest to demand action.
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Since the 2015 Paris accord, major banks have provided over $3 trillion to expand fossil fuel operations, far more than governments' climate finance.
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The action follows protests targeting BlackRock, Citibank, and MoMA in NYC over fossil fuel investments. More demonstrations are planned this week during the UN's climate summit.