The group made a number of decisions along the way that attracted criticism, even from some who agreed with EQAT that global warming is a threat. One was to focus on a bank instead of political authorities. The Environmental Protection Agency and politicians are the legitimate deciders on environmental policy, we were told. Why target a bank that is only doing its job?
We chose our target believing everyone needs to take responsibility for their role in the unfolding disaster of climate change, including banks whose financial decisions have enormous consequences compared with most individuals and groups.
A Princeton study released in 2014 gave support for our choice to target the economic elite. The study found major policy decisions in the United States don’t result from the normal political processes, but from the economic elite telling politicians what to do. Billionaire Warren Buffett earlier put it more pungently to the New York Times, when he said, “There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”
EQAT recognized that many Americans are in denial about the class warfare raging around them. Targeting a bank, we though, might help people smell the coffee.