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All the news from around the world
We’re winning: Bank of England U-turn
This simple policy could make investing in dirty fossil fuels much harder for banks
Huge win đđł – giant pension fund divesting billions by 2023!
This means billions being pulled out of fossil fuels. It's a huge move.
Brandalism hitting big banks where it hurts
They're at it again. Brandalism are putting up more powerful guerrilla art ahead of COP26, targeting one of COP's major sponsors, NatWest:
La Banque Postale to stop oil and gas by 2030! đ
This is a huge win! French bank Banque Postale is stopping all financing to the oil and gas sectors by 2030. And theyâre immediately stopping all current finances going to potential oil and gas development.Â
The world’s biggest fossil bank JPMorgan Chase weak net zero pledge
From 2016 to 2020, JPMorgan Chase has been the worldâs largest banker of fossil fuels - pouring more than $316 billion into businesses destroying our environment.Â
Shareholders are taking on Standard Chartered
Itâs incredible. Shareholders at international bank Standard Chartered are publicly calling out their companyâs climate investments - for the first time ever! And theyâre doing it while Standard Charteredâs CEO is chairing an international meeting of businesses, to talk about sustainability đł.
Mythbusting fossil finance
Weâve heard every sorry excuse in the book from the big banks as to why theyâre still financing coal, oil and gas. But here at Bank On Our Future we love nothing more than proving itâs just a load of hot air.
Joint letter to Standard Chartered
I am writing to you from a coalition of environmental advocacy groups focused on shifting finance and investment away from fossil fuels.
A summer of heat
Banks continue to fan the flames of the climate emergency - movements are mobilising to stop them.
Itâs a warning to all board members of banks
Back in April of this year, a huge and impressive coalition of hundreds of Indigenous, youth, grandmothers, and other climate activists held a huge rally outside Wells Fargo HQ.
Fridays for Future protest in Frankfurt
The streets of Frankfurt have not seen anything like it for a long time. The conservative financial centre of Germany, saw an estimated 15,000 people take to the streets demanding action on climate.Â
Extinction Rebellion are returning to the streets
The last month was confirmed as the hottest ever recorded, with scientists warning of increased extreme weather events.
Taking down Swiss finance: Rise Up for Change
The Swiss financial sector is responsible for catastrophic climate impacts and human rights violations, but Swiss activists are rising up for change and putting a stop to that.
No medals for Japanese banks funding fossil fuels
The Olympics are currently in full swing in Tokyo, so Japan is in the media spotlight. But there are no gold medals for Japanese banks when it comes to fossil fuel financing.
Italian banks failing to defund fossil fuels
Like banks in other countries, Italyâs biggest banks are dragging their feet on bringing fossil fuel financing to an end. One bank, Unicredit, has made progress but recently breached its own coal policies. Another, Intesa Sanpaolo, hasnât even tried.
Finance guy leaves Kerryâs climate team after huge outcry
This is what campaign pressure can achieve. A private equity mogul has left the Biden administrationâs climate team after an outcry from campaigners.
Giant strawberries give HSBC a grand slam at Wimbledon
Wimbledon may be over for another year, but championship sponsor HSBC continues to serve up financing for fossil fuel companies. Just as well there was plenty of activist action over the last couple of weeks to remind everyone of HSBCâs contribution to the climate crisis.
Investment giants tell banks: stop delaying climate action
The climate movement is not alone in pushing banks to quit their fossil fuel addiction. A group of investors, led by influential campaign group ShareAction, has written to major banks around the world, urging them to move much faster in ending their support of fossil fuel companies. With international climate and environment meetings on the horizon, this latest move puts banks under even more pressure to act quickly.
Hey G7 leaders, end fossil fuel financing
Leaders of the richest nations met in the UK last weekend, and high on the agenda was the climate crisis. So it was the perfect time to spotlight the role banks are playing in making our planet hotter.
HSBC: climate resolution passes, but executives dodge tough questions
HSBCâs annual shareholder meeting on Friday was a mixed bag, with one step towards effective climate policies offset by two steps back. On the one hand, the climate resolution was voted through. On the other, HSBC executives were evasive on climate questions from shareholders.
