Professional climbers and climate advocates ascended one of the Tetons’ Cathedral Peaks and placed a “Stop the Money Pipeline” banner to call for private banks, corporations and the Federal Reserve to end fossil fuel finance and think more environmentally.
The mountaintop protest on Teewinot came ahead of the virtual Jackson Hole Economic Symposium, where Federal Reserve officials, bankers, and government representatives set policy and trade goals for the coming year.
“It’s going to take all of us to make clear that our economy must shift away from fossil fuels immediately in order to keep us below 1.5 C degrees of warming. The Federal Reserve must account for climate risk and stop the money pipeline before the window of opportunity closes,” Brett Fleishman, of 350.org, stated in a press release.
The banner voiced the concerns of Protect Our Winters, 350.org, and the Stop the Money Pipeline Coalition, which are releasing a film, “Action Jackson,” about the effect financial decisions have on the planet.
The film will document the group’s climb up the 12,330-foot Teewinot and draw the connection between climate and finance.
In a press release, the climate advocates said economic policy “must be steered toward a modern, clean energy economy that can meet the demands of climate change.” Among the advocates were 15-year-old professional skier Kai Jones and Patagonia ambassador and Exum guide Zahan Billimoria.
“We need leaders in government and business to step up and take action on climate finance putting clean air, clean water and a livable planet first,” Billimoria said in the press release.
Billimoria was recently one of the people who applauded Patagonia’s decision to drop Jackson Hole Mountain Resort.
Mario Molina, the executive director of Protect Our Winters, said in the press release: “Ending fossil fuel financing and making climate risk a deciding factor in major financial decisions going forward costs nothing, but has the power to move mountains for the climate. It is not only the right thing to do; economically and financially it is also good business.”