Climate activists occupy Wells Fargo lobby in San Francisco - KTVU FOX 2 San Francisco
Climate activists occupy Wells Fargo lobby in San Francisco
SAN FRANCISCO - Climate activists occupied the lobby of a Wells Fargo office building in San Francisco's Financial District on Thursday morning.
Activists announced they had locked themselves to equipment and each other to form a human blockade inside the office tower at 333 Market Street.
The protesters are demanding the company stop investing in fossil fuel projects and devise a plan to reduce their greenhouse gas emissions to zero by 2050.
The protest is part of a campaign by Extinction Rebellion and other climate allies who are demanding that big banks divest in the fossil fuel industry.
Activists claim that Well Fargo hasn't made significant strides in trying to reach its zero-emission goal and has instead provided $316.7 billion to the coal, oil, and gas companies since 2015.
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”