Letter: Banks and fossil fuel infrastructure

Published: 02-04-2024 7:00 AM

If you have been on Storrs Street in Concord between noon and one o’clock on a Tuesday over the last few months, you may have noticed a small group of senior citizens waving signs in front of the Bank of America. My sign says, “Bank of America Funds Climate Destruction.” This is the point of our demonstrations. Bank of America is one of the four U.S. banks that invest most heavily in fossil fuel infrastructure. (The others are Wells Fargo, Citibank and Chase). You are probably aware that the burning of fossil fuels causes Earth’s planet to warm. (Last year was the hottest year ever on record).

The heat contributes mightily to wildfires, droughts, more intense hurricanes, floods and deaths produced solely by combinations of high temperature and humidity. The last thing our planet needs is more infrastructure to contribute to more burning and to a hotter planet. We demonstrators are hoping that our presence and our signs will prompt those with accounts in these banks to move their money to institutions that do not invest heavily in fossil fuels. We also would love to have others concerned about the welfare of the planet and of younger generations to join in this effort. On most occasions we bring extra signs and would be delighted to lend you one of your choice.

Laura Magzis

Penacook

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