July
2019
26
Earth to NYC: “You Need a Public Bank”
Although public banking is an unfamiliar concept to many here in the United States – there’s only one notable example, the Bank of North Dakota – public banks are common throughout the world.
public banking
June
2019
26
Fast Company: The One Strategy that Could Finance the Whole Green New Deal
Fast Company — For the latter half of 2016, the Standing Rock Sioux and activist allies from all over the country camped out in North Dakota to protest the construction of the Dakota Access Pipeline, which was likely to harm their native lands through an invasive engineering process and inevitable oil spills.
May
2019
24
New Yorkers Urge NYC to Follow Through on Pledge to Divest From Wells Fargo, Call For A Public Option To Manage City Funds
Today, members of the Public Bank NYC coalition rallied at a meeting of the NYC Banking Commission to call on the City of New York to divest from banks that harm New Yorkers and NYC neighborhoods, and to invest in communities through a public bank.
May
2019
1
WBAI Living for the City: Land Trusts & Public Bank with Andy Morrison and Jamie Tyberg
WBAI Living for the City — Our Andy Morrison and New York Communities for Change’s Jamie Tyberg speak with host Michael G. Haskins about the Public Bank NYC campaign.
April
2019
10
In These Times: Public Banking Can Fund the Zero-Carbon Economy
In These Times — Wall Street bankers in expensive suits stopped and snickered on their lunch breaks June 5, 2018, as an eclectic group of New Yorkers with megaphones and banners called them out for investing in socially destructive industries—including private prisons, predatory lending, weapons manufacturing and, of course, fossil fuels.
January
2019
17
Statement by New York Groups re: Postal Banking
Our organizations support the concept of “postal banking,” as a potentially transformative form of public banking. As banks continue to redline New York neighborhoods — perpetuating poverty, inequality, and segregation — bold solutions like postal banking are clearly needed. Some recently-introduced proposals, however, would exacerbate our two-tiered financial system and promote debt as a solution to people’s financial struggles.
January
2019
4
Gotham Gazette: A ‘Green New Deal’ for New York and More: Where the Climate Change Conversation is Headed in 2019
Gotham Gazette — After an election where the issue saw little mainstream political attention, climate change and what to do about it has come roaring back to the forefront of the New York political scene.
November
2018
30
Nonprofit Quarterly: The Pressure on NY’s Designated Banks: Get Our Money Out of Climate-Hostile Businesses!
Nonprofit Quarterly — It’s time to walk the talk on climate change. That’s the message activists communicated this week when they rallied outside New York City Hall on the fourth UN-backed Annual Climate Finance Day to demand that New York divest from its designated banks, which invest heavily in the fossil fuel industry, and create a municipal public bank.
November
2018
29
Gothamist: As De Blasio Touts Climate Change Divestment, NYC’s ‘Designated Banks’ Continue To Invest In Fossil Fuels
Gothamist — In September, months after declaring the city’s intention to divest its pension fund from fossil fuels and “sue Big Oil,” Mayor Bill de Blasio published an op-ed in the Guardian touting New York City’s effort to tackle climate change through sustainable financial policies. Alongside London Mayor Sadiq Khan, he announced the launch of a new global initiative, and encouraged local governments to “use our economic might to accelerate the transition to a low-carbon economy.”
November
2018
28
Environmental & Community Groups Call on NYC to Divest from Banks that Fuel Climate Change and Establish a Public Bank
As global leaders assemble for the United Nations-backed 4th Annual Climate Finance Day, New Yorkers, including representatives of environmental, community and student groups, rallied at City Hall and called on NYC to divest public money from banks that fuel climate change and to establish a municipal public bank to help fund the transition to a just, sustainable economy.