(Image: BankTrack)
In the run- up to COP 26, we’re calling on banks to stop investing in fossil fuels.
What is the problem?
Banks around the world are contributing to the climate emergency by pumping billions into fossil fuels every year. Their support is a lifeline for climate destroying activities like drilling for oil in the arctic and in deep water, extracting oil from tar sands, and fracking shale rock for gas, damaging lives, livelihoods and habitats.
Since the Paris climate agreement was signed in 2015, 60 global banks have invested a staggering $3.8trillion in the fossil fuel industry’s continued growth. UK banks are part of the problem: Barclays and HSBC are among some of the worst banks in the world for funding fossil fuels.
What can you do?
If you only have a minute…
● Share this post on your social media channels
If you have 2 minutes…
● Glasgow City Council have voted in support of divesting Strathclyde Pension Fund from fossil fuels.The Pension Committee have yet to act on this. Sign this new open letter.
● If you’re a community group, activist network or not for profit, link in with this open letter to the COP 26 president demanding that big polluters’ have no access to the talks in Glasgow in November 2021.
If you have 10 minutes…
● Contact banks directly by phone or social media and tell them to stop funding fossil fuels.
If you have more than 10 minutes
● Explore options to divest your own banking and energy supplier.
