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May 15

Respect Dinosaur Graves

In the spirit of other divestment campaigns such as the International Solidarity Movement around ending the occupation of Palestine, the anti-apartheid divestment movement in South Africa and the growing movement to divest from fossil fuels, Michigan Coalition Against Terrible Stuff is calling on two big financial institutions to divest from Enbridge. We are urging both Bank of America and JP Morgan Chase to divest from Enbridge. Both institutions claim to have a vested interest in environmental sustainability. And while multi-national capitalist entities will never be sustainable, divesting from Enbridge is a strong move. Here is the letter to Bank of America. Feel free to reproduce it and send one too!
Divest from Enbridge

Letter to Bank of America:
To Whom it May Concern Regarding Environmental Sustainability,

My name is [your name here] and I am writing to you on behalf of the Michigan Coalition Against Tar Sands (MICATS). I am writing because Bank of America invests in the Canadian pipeline company Enbridge Incorporated. Because of the devastating effects that the pipelines operated by Enbridge Incorporated have had on our communities, we have been resisting the expansion and continued operation of Enbridge’s pipelines. Additionally, the effects of the oil sands industry on climate change have been well documented. It has been estimated that a 0.4 degree Celsius increase would occur from burning the tars sands in Alberta.
I know that Bank of America prides itself on stopping the harmful effects of climate change. I was very pleased to learn that just recently you have backed away from funding coal mining. This is a commendable step on the journey toward a sustainable future. However, Bank of America still owns about 2.24 million shares of Enbridge Incorporated. If Bank of America really wants to address climate change and the destruction that Enbridge has brought upon affected communities, then Bank of America must stop funding Enbridge.
MICATS is asking that Bank of America divest from Enbridge not because it is an option, but because it is a necessity to protect the future of our planet.
I look forward to your response to this letter. A response by June 1st would be greatly appreciated. Thank you for taking the time to read this letter and I trust that Bank of America will make a life affirming decision on this matter.

Sincerely,
[your name and contact info here] Michigan Coalition Against Tar Sands

Send it to

Bank of America
Attn: FL1-300-01-29
PO Box 25118
Tampa, FL 33633-0900

Letter to Chase Bank

To Whom it May Concern Regarding Environmental Sustainability,

My name is [your name here] and I am writing to you on behalf of the Michigan Coalition Against Tar Sands (MICATS). I am writing because JP Morgan Chase invests in the Canadian pipeline company Enbridge Incorporated. Because of the devastating effects that the pipelines operated by Enbridge have had on our communities, we have been resisting the expansion and continued operation of Enbridge’s pipelines. Additionally, the effects of the oil sands industry on climate change have been well documented. It has been estimated that a 0.4 degree Celsius increase would occur from burning the tars sands in Alberta.
I know that JP Morgan Chase & Co prides itself on a dedication to sustainable investing. Your website touts that you are committed to “reduce environmental and social risks”. This is a commendable step on the journey toward a sustainable future. However, Chase still owns about 4.13 million shares of Enbridge Incorporated. If Chase really wants to address sustainability and the destruction that Enbridge has brought upon affected communities, then Chase must stop funding Enbridge.
MICATS is asking that JP Morgan Chase & Co divest from Enbridge not because it is an option, but because it is a necessity to protect the future of our planet.
I look forward to your response to this letter. A response by June 1st would be greatly appreciated. Thank you for taking the time to read this letter and I trust that Chase will make a life affirming decision on this matter.

Sincerely,
[your name and contact info here] Michigan Coalition Against Tar Sands

send to:
National Bank By Mail
P O Box 36520
Louisville, KY 40233-6520

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