Our thanks to Glynn and Wirral Trade Justice for inviting Global Justice Merseyside to deliver our ‘Bankers Day Out’ sketch at their AGM on Friday 17th October.
The sketch was delivered in the form of a live television interview with Global Justice Senior spokesman commenting on our High Street un-cute bankers celebrating their outrageous bonuses – profits from fossil fuel financing of the big mining corporations: Angle American, Glencore Xtrata, BPH Billinton who have invested staggering millions in extracting fossil fuels in countries like Burma, Indonesia, Columbia and South Africa.
97 per cent of Climate Scientists say that climate change is driven by the emissions from coal, gas and oil burning that is causing the temperature to rise. Only 20 per cent of the fossil fuel that has been invested in can be extracted is to remain below the 2 degrees Centigrade maximum that would potentially tip climate into irreversible climate change disaster.
There is a huge dilemma confronting the governments, financiers and people of the world.
Part of the problem then is of over valuing the fossil fuel ‘asset’ in ground. Investments already committed to extraction of the other 80 per cent are quite useless as the continued mining and use of the fossil will cause temperatures to rise up
If the extraction continues at the present rate our grandchildren shall experience a very different harsh world to the one we inherited and will not thank us for that.
Keep it ( the fossil fuel) in the ground is the best approach to keeping our planet from over heating.
