Understanding how the financial system is supporting the Climate and Ecological Emergency is vitally important. We are involved in or support several different actions bringing these issues to light. Current actions have focussed on:
BARCLAYS / SHARKLAYS
Bank of England
This is MONEY REBELLION week - there are actions and talks on all week:
Monday, 23 November 2020
Talk: Barclays & HSBC - Banking on Breakdown –
Talk: Introducing Money Rebellion –
Tuesday, 24 November 2020
Talk: Economics VS the Planet with Professor Steve Keen
Wednesday, 25 November 2020
Talk: Tax Resistance with David Gross –
Friday, 27 November 2020
Talk: Degrowth and Alternative Economies –
We protest against Barclays' unethical behaviour of financing ecocide and social injustices,
‘The bank is the industry’s biggest backer in Europe and the largest globally, financing $85.2 billion in the three years to 2018’ (reference).
Barclays is greenwashing its ongoing contributions to the climate crisis.
We demand Barclays:
1. Tell The Truth:
Publicly declare Barclays’ commitment to the Paris Agreement’s 1.5°C goal by publishing its Scope 3 emissions and a commitment to align to the November 2019 UNEP target of a fall of 7.6% of all emissions each year of this decade.
2. Act Now: 2030 not 2050
Phase out existing cash flow, project and corporate finance to companies that are extracting fossil fuels or making investments in fossil fuel power plants and infrastructure. All financial services to the coal industry must stop immediately. Phase-out all financial services to companies with profiles that are not aligned with the goal of limiting global warming to 1.5°C. Provide audited evidence that Barclays is aligning to the UNEP target of a fall in annual emissions.
3. Show leadership
Barclays has a generational opportunity to lead a green and just recovery post the Covid-19 pandemic. Show leadership by investing in businesses that demonstrate a strong environmental, ecological and ethical framework, such as the UN’s Sustainable Development Goals. Adopt a decision-making process genuinely predicated on the urgent needs of the planet – not profit; Barclays must participate in or follow the findings of the City of London Peoples’ Climate Change Assembly.
Our actions against financial institutions are not limited to Barclays. We are also targeting Shell and BP, Blackrock and the World Bank for inappropriate investing and , Lloyds of London and Liberty Mutual for insuring these investments into unnecessary fossil fuel exploration.
A very important part of the actions is how we share the story afterwards. Usually the actions are arranged through various WhatsApp groups - sometimes other media like Signal or Telegram. During actions we take photos and will share the action through various Social Media platforms - especially Twitter, Instragram and Facebook. If you can help with any of these please let us know.