Outraged Seattle Chase Customers Close Their Bank Accounts

Written by Amanda Starbuck

Topics: Coal

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I’m in Seattle today with an amazing crew of activists who have had enough.

They are fed up with Chase bank financing environmental destruction and after weeks of protesting at one of the bank’s flagship downtown branches, they today, literally, ‘put their money where there mouths are’. They closed their Chase bank accounts.

Bob Spivey a Chase Customer who divested in Chase today said,
“I am outraged that I have been supporting a bank that is the largest US funder of mountaintop removal, a process that destroys Mountain tops, local health, safe drinking water, and the entire structure of communities–all for very little net energy gains. Chase facilitated major funding for Arch Coal, which was just denied a water quality permit by the EPA, and for Massey Energy, the company involved in the recent explosion at Upper Big Branch Mine, one of the worst mining disasters in US history.”

The “divestors” chose April 15 to make their protest, because it is tax day. And they wanted to make the link between Chase receiving tax breaks, funded by the public, and their socially irresponsible investment that destroys communities.

Dominique Trudel, from Seattle SWARM said:
“Chase is set to take roughly 1.4 billion dollars in tax breaks this year. Instead of investing the communities whose tax payers have foot the bill for Chase’s tax breaks, Chase has invested in dangerous mining practices like MTR and dangerous mining companies like Massey Energy.”

After closing their accounts, the former Chase clients and their supporters rallied outside the branch to educate Chase customers and Seattle citizens about the environmental destruction that Chase is funding.

4 Comments For This Post I'd Love to Hear Yours!

  1. Duff Badgley says:

    We will not stop protesting Chase until Chase stops all funding of mountaintop removal. Chase Bank is among the worst climate criminals in the country. Their execs. should be arrested for their corporate crimes–not the activists across the country who risk arrest by performing civil disobedience to force Chase to stop MTR.

    Thanks! for coming up to Seattle, Amanda. Come back soon.

    Duff

  2. Chad Monaghan says:

    It was a great day for seattle activists, Chase not so much. To walk up to Chase and 6 cops are already there guarding the front door tells me that they are getting scared. I think i can speak for activist everywhere when i say “You should be scared cause we have something worth fighting for and we are not going to stop until you do, and we will win”. Thank you everyone for coming out, and others all around in different cities.

  3. Lambert says:

    I wish I had known about this action yesterday. I am a Chase customer in Seattle and would like to close my account in a public way to protest their environmental crimes. When I saw the activists at the WTO aniversary doing civil disobediance outside Chase, I had mentioned to one of them that I was a Chase customer and would like to a close my account as part of a protest like this. Please let me know if there is another action like this in future as I want to join in next time. Thanks. lambert(at)riseup.net

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