Global Justice Bradford

HSBC funds investment in fossil fuels which contributes to climate change

Bradford Fairtrade Zone event Saturday 1 March.
We have the ‘good food advice’ stall for the day in Oaster Shopping centre, Bradford, (indoors!) and Fairtrade banana farmer Aimeth will be with us form Columbia. We have Soraya from Jamie’s Ministry of Food giving banana recipe demonstrations throughout the day and a juice bike to make banana smoothies a la Tour de France. Please join us and if you can help for an hour between 10am and 3pm contact Mollie on 01274 493191.

Bradford World Development Movement activists set up a climate ‘crime scene’ outside the HSBC on Market Street, Bradford on 4 December 2013. This was to protest at the bank’s financing of fossil fuel extraction, which is contributing to climate change as well as damaging the environment in countries where it takes place. Members of the public signed cards to demand the bank stop bankrolling climate change. These cards were given to the HSBC manager.

Thanks to everyone who came to the film night last week – the discussion afterwards was really interesting and we learned a lot about what is happening locally to support food sovereignty.

 Activists from Kirklees Campaign against Climate Change and Bradford World Development movement were outside the ‘crime scene’ of Huddersfield HSBC on Saturday 19 October. HSBC provide massive investment to fossil fuel companies. This is causing climate change and destroying communities in countries like Indonesia. Members of the public signed cards to ask HSBC to stop bank rolling climate change and these were given to the bank manager on Saturday.

The people of Pakistan have suffered from a crippling national debt for 40 years. The global financial crisis, the horrific floods of 2010 and the so-called ‘war on terror’ have all made Pakistan’s debt spiral out of control.

This debt has done little for the majority of Pakistan’s people. It has increased inequality and deepened impoverishment. Today, 50 million people live below the poverty line. Over 20 percent of government revenue is spent on debt payments – more than on health and education combined.

In September, the International Monetary Fund (IMF) agreed the latest in a long-line of ‘bailout’ loans, paying off reckless lenders, whilst keeping Pakistan trapped in debt. As a condition of the loans, public spending will be cut and prices for food and fuel increased. Meanwhile, richer companies and individuals continue to pay too little in tax. The people of Pakistan must be free to decide upon their own economic future – a future without the crippling burden of inherited debts and IMF-imposed conditions.

Speakers

Abdul Khaliq from CADTM-Pakistan will tell us the stories from Pakistan we do not hear in the news – the impact of debt on people’s lives, the extreme economic policies pursued in the name of paying unjust debt, and how people are struggling for a fairer society.

Tim Jones from Jubilee Debt Campaign will show how Pakistan’s experience is replicated across the world, from Tunisia to Ireland, Jamaica to Greece. And how the inspiring struggles in these countries point towards a world which does not suffer from unjust debt.

Habib Malik from Islamic Relief UK, an international aid and development charity which aims to alleviate the suffering of the world’s poorest people. Islamic Relief is pushing for measures to tackle Pakistan’s debt crisis, including a public audit into the debt.

Event Details

Bradford: 31st October, 7pm – 9pm

Carlisle Business Centre, Carlisle Road, BD8 8BD

With Abdul Khaliq (CADTM-Pakistan), Tim Jones (Jubilee Debt Campaign) and Habib Malik (Islamic Relief UK).