Sending Office: Honorable Ilhan Omar
Thursday, April 16 at 2:00 PM ET
for a virtual congressional briefing on
climate finance in this moment of the coronavirus pandemic
Following the passage of the CARES Act in late March and as Congress pivots to a CARES 2.0 relief package, we are holding this briefing to provide more information about the role that the CARES Act plays in opening up our communities and financial system
to greater risk. We will discuss congressional action you can take to establish accountability measures on the previous relief package and future relief packages, and how to prioritize working people over the financial and fossil fuel industries.
The oil, gas, and coal industries that continue to demand a bailout from any relief package were under financial stress long before the pandemic, in addition to being heavily subsidized by the federal government. We will discuss the financial sector and
government’s role in funding and facilitating continued expansion of oil, gas, and coal production despite the need to slash emissions in half by 2030 and reach net zero by 2050 to avoid the worst impacts of climate change. You will also hear from activists
on the ground fighting back against fossil fuel infrastructure projects.
For future stimulus packages, there must be robust accountability metrics to ensure the financial industry cannot continue to invest in the fossil fuel industry, whose contribution to the climate crisis will cost hundreds of billions of dollars a year in
public health risks, food insecurity and infrastructure damage. We must eliminate the existing billions of dollars in tax breaks and subsidies to the fossil fuel industry, and ensure that these companies can not receive royalty relief in this moment where
any stimulus dollars should go directly to communities most impacted by the coronavirus pandemic.
Please join us to learn what congressional action you can take as we enter negotiations for a CARES 2.0, and about legislative action centering people and communities, not fossil fuel interests.
Moderator: Moira Birss, Climate & Finance Director, Amazon Watch
- Gregg Gelzinis, Senior Policy Analyst, Center for American Progress (CAP)
- Alison Kirsch, Climate & Energy Lead Researcher, Rainforest Action Network (RAN)
- Alex Doukas, Lead Analyst, Oil Change International (OCI)
- Tara Houska, Founder, Giniw Collective
- Clark Williams-Derry, Energy Finance Analyst, Institute for Energy Economics and Financial Analysis (IEEFA)
Including opening remarks from: Representative Ilhan Omar
Supporting Organizations: Sierra Club, 350.org, Oil Change International, Rainforest Action Network, Center for Biological Diversity, Friends of the Earth, Oxfam America, Global Witness, Amazon Watch
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