Not to quibble, but it wouldn't really be a major blow. Your $3B is about 0.16% of Wells Fargo's $1.9T in total assets--and you'd still need major banking. There are seriously practical challenges to trying to manage $3B dollars that I don't think you're considering. Seattle Metro Credit Union, for example, has about $600M in total assets. To accommodate the city of Seattle they'd have to more than *quintuple* their capacity. You'd be a lot better off creating your own bank, but that's going to be extremely expensive. And you are, as I've pointed out before, a bunch of faux-liberal d-bags with no income tax! See your dilemma?

@1 You do realize that there are way more uses for oil than just energy right? Like all of those plastics used to make kayaks, and everything else. So, it would be more apt to phrase your second paragraph as "unless consumers stop demanding inexpensive products..."

@2 Whatever you want to call it, it's bad publicity for Wells Fargo. If other cities and institutions follow what Seattle is doing, it will damage Wells Fargo's bottom line.

I've been using credit unions exclusively ever since I participated in Occupy Seattle and Occupy Olympia. It took me until hen to realize the role the amor banks had played in the 2008 economic meltdown and just how harshly impacted many low income families were as a result.While I've hated corporations my whole life, as well as the entire capitalist system, i took meeting several displaced families to understand the role I played in that by having bank accounts at major financial institutions.

I don't pretend its a perfect solution. Until money is abolished entirely, there will continue to be poverty, wealth inequality, class warfare and environment degradation. It is however a fairly painless and easy change to make in the right direction. I have never been inconvenienced as a result of my patronage of credit unions. In fact, I scarcely noticed the change at all. Those rare occasions when I have needed paper money are easily dealt with as credit unions across the country (at just about every 7-Eleven in the world, too) allow withdrawal without an associated fee.

This is an easy and simple way to adopt more ethical financial polices in your personal life. Everyone should do it.

@3 -- We're making amazing strides that could make that argument moot. Income taxes in CA are being used to engineer yeast that turn cheap sugars into valuable precursor chemicals that replace petro ones. Amazingly, some petro derived chemicals will drop in price, opening up whole new classes of industrial use for them that were previously unprofitable. Yea income taxes!