During the COVID-19 pandemic, the Federal Reserve — the United States’ central public bank — bankrolled fossil fuel companies to the tune of billions of dollars. That was not public relief.

We need a central bank that supports Black, Indigenous, and communities of color fighting on the frontlines of COVID-19, racial and economic injustice, and climate destruction. Instead, the Federal Reserve is neglecting to regulate the banks financing oil, gas, and coal expansion projects, actively funding the climate crisis.

We need to make sure the Federal Reserve prioritizes the biggest existential and economic risk our country is currency facing: the climate crisis.