Protesters accuse Wall Street of financing climate change

Hundreds of protesters on Monday accused Wall Street of financing climate change, marching through Manhattan's financial district dressed in blue and armed with placards.

New York: Hundreds of protesters on Monday accused Wall Street of financing climate change, marching through Manhattan's financial district dressed in blue and armed with placards.

The protest came a day after tens of thousands rallied around the world for urgent action to stop climate change and a day before UN Secretary General Ban Ki-moon hosts a key summit on climate change.

Organizers of today's "Flood Wall Street" demonstration said an estimated 3,000 people took part, which a spokeswoman characterized as "well over what we were expecting."

"Yesterday was about building a movement and demonstrating how many people were involved, and today is about pointing fingers at those responsible," said spokeswoman Bessie Schwarz.

The demonstrators were accompanied by a 15-foot inflatable carbon bubble and a 300-foot banner unfurled to read Flood Wall Street, she said.

The organizers said the protest was called "to confront the root cause of the climate crisis -- an economic system based on exploiting frontline communities, workers and natural resources."

Private institutions, individuals and local governments worth a total of more than $50 billion of assets announced in New York on Monday that they were divesting from fossil fuels.

On Tuesday, world leaders including US President Barack Obama hold a summit on climate change at the United Nations.

The summit aims to pave the way for a global agreement on fighting climate change -- a successor to the Kyoto Protocol -- during a conference in late 2015 in Paris.

 

 

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close