Campaign Updates

La Banque Postale to stop oil and gas by 2030! 🎉

This is a huge win! French bank Banque Postale is stopping all financing to the oil and gas sectors by 2030.

Campaign Updates

The world’s biggest fossil bank JPMorgan Chase weak net zero pledge

From 2016 to 2020, JPMorgan Chase has been the world’s largest banker of fossil fuels – pouring more than $316 billion into businesses destroying our environment. 

Campaign Updates

Shareholders are taking on Standard Chartered

It’s incredible. Shareholders at international bank Standard Chartered are publicly calling out their company’s climate investments – for the first time ever!

Campaign Updates

Street Mural Training

Register here to participate in the online workshop

WHAT: 

As part of the #DefundClimateChaos day of action on Oct 29th groups are inviting you to learn the skills needed to plan and implement giant street murals, to help bring a clear, unified demand to financial institutions across the globe: your continued investments in fossil fuels, ecological destruction and human rights violations must stop immediately. 

Campaign Updates

Mythbusting fossil finance

We’ve heard every sorry excuse in the book from the big banks as to why they’re still financing coal, oil and gas.

Campaign Updates

Joint letter to Standard Chartered

Dear José Viñals,

I am writing to you from a coalition of environmental advocacy groups focused on shifting finance and investment away from fossil fuels.

Campaign Updates

A summer of heat

Banks continue to fan the flames of the climate emergency – movements are mobilising to stop them.

It has been a devastating year so far of wildfires, floods, and storms across the globe, not to mention the first ever recorded rainfall in the Arctic.

Campaign Updates

It’s 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.

Campaign Updates

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. 

Campaign Updates

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. The IPCC report has just declared code red for humanity.

Campaign Updates

Banking with who?

This blog entry has been written by Aqeel Kapasi of SOS, Students Organising for Sustainability.  

We can all agree that teaching about money in schools is really important. 

Campaign Updates

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.

Campaign Updates

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.

Campaign Updates

Italian banks failing to defund fossil fuels

Like banks in other countries, Italy’s biggest banks are dragging their feet on bringing fossil fuel financing to an end.

Campaign Updates

Finance guy leaves Kerry’s climate team after huge outcry

This is what campaign pressure can achieve. A private equity mogul has left the Biden administration’s climate team after an outcry from campaigners.

Campaign Updates

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.

Campaign Updates

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.

Campaign Updates

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.

Campaign Updates

HSBC: climate resolution passes, but executives dodge tough questions

HSBC’s annual shareholder meeting on Friday was a mixed bag, with one step towards effective climate policies offset by two steps back.

Campaign Updates

Chimney sweeps protest fossil fuel financing

Chimney sweeps were spotted on the streets of London yesterday, as activists protested about pollution caused by some of the city’s biggest institutions.

Campaign Updates

Revealed: scale of UK banks’ contribution to climate crisis

We know that UK banks and asset managers like Barclays and HSBC are fuelling the climate crisis by financing polluting companies.

Campaign Updates

Dear HSBC, it’s time to deliver on your climate promises… and more

The climate resolution put forward at this year’s AGM is a good start, and your plan to end coal financing by 2040 is promising.

Campaign Updates

Lloyds risks losing its lustre if it rests on climate laurels

Guest blog from Jeanne Martin, Senior Campaign Manager, ShareAction 

 

It’s been a year and a half since Lloyds Banking Group committed to net-zero.

Campaign Updates

25% of Barclays shareholders defy bank executives on fossil fuel policies

The votes are in: nearly a quarter of Barclays shareholders defied bank executives over their climate policies at yesterday’s annual meeting.

Campaign Updates

Barclays tells shareholders to vote against climate resolution

Barclays’ annual general meeting is on the horizon, giving shareholders and investors the chance to push the bank towards defunding fossil fuels.

Campaign Updates

Why Carney’s climate banking alliance is a wasted opportunity

A new banking alliance has been established, claiming to set ambitious targets in addressing the climate crisis. Sounds great, right?

Campaign Updates

#CleanUpBarclays

A group of Barclays shareholders have put forward a climate resolution at the upcoming annual shareholder meeting to force the bank to end its fossil fuel funding.

Campaign Updates

All eyes on Blackrock, and how it votes on the Barclays resolution

This morning activists gathered outside Blackrock. BlackRock is the world’s biggest asset manager, with more than USD $9 trillion in assets under management.

Campaign Updates

Five reasons why HSBC still needs to feel the heat on fossil fuel funding

In just a few weeks, HSBC shareholders will vote on a climate resolution at the bank’s AGM. If it passes, HSBC will be committed to putting plans in place to end its fossil fuel funding.

Campaign Updates

Giant mural painted outside fossil funder Wells Fargo’s HQ

On Friday, hundreds of people took over a street in San Francisco outside the head offices of Wells Fargo, a major US bank.

Press Releases

New global study shows Canada’s banking bosses are too conflicted to take climate change seriously

The directors of Canada’s top five banks hold more extensive ties to polluting industries than their international counterparts, new analysis by DeSmog shows.

Campaign Updates

Climate strikers take on Standard Chartered

Climate strikers were out in force last week for the latest global strike, and Standard Chartered was firmly in their sights.

Campaign Updates

Global banks still pumping trillions into fossil fuels

UK banks are still funnelling billions into fossil fuels according to new research, while Barclays and HSBC remain among the worst in the world.

Campaign Updates

HSBC proposes end to coal financing

Wow. HSBC, one of the biggest funders of fossil fuels in the world, has announced plans to set clear deadlines for ending coal financing.

Campaign Updates

Bank of England gets green light for climate action

In a major step forward in ending fossil fuel financing, the Bank of England has been given a new mandate to support the government’s net-zero carbon strategy.

Campaign Updates

Majority of UK bank directors are ‘climate-conflicted’

Almost 80% of directors on the boards of the UK’s big five banks have connections to polluting industries, a new analysis has found.[1] The figures suggest such ‘climate-conflicted’ directors could represent a systemic obstacle to progressive climate action, as shareholders prepare to meet to consider a range of progressive environmental resolutions at the banks’ AGMs.

Campaign Updates

Asian communities tell HSBC: ‘we don’t need coal’

A direct message to HSBC investors has appeared in the Financial Times, asking them to back a shareholder resolution which will commit the bank to phase out coal financing.

Campaign Updates

HSBC is wrong, Asian communities don’t want coal

Dear HSBC investors,

HSBC is wrong and doesn’t speak for us.

Campaign Updates

Activists turn up the heat on Standard Chartered’s coal policy

Activists from around the world have published another impassioned open letter to Standard Chartered’s CEO, Bill Winters, criticising him and the bank for their continued support of coal companies.

Campaign Updates

Dear Standard Chartered, stop funding coal right now

A young activist from the Philippines has taken aim at Standard Chartered in a passionate letter about the bank’s continued support for fossil fuel companies.

Campaign Updates

Barclays and HSBC at risk of losing three million customers over continued investment in fossil fuels

As climate change continues apace with 2020 one of the hottest years on record, a survey of consumers who bank with Barclays and HSBC shows that these banks risk losing up to three million customers due to financing fossil fuels.

Campaign Updates

Time to detox your bank in the #BigBankDetox

Most banks are still heavily invested in the fossil fuel industry and show few signs of getting out completely. So if they won’t clean up their act, it’s time for all of us to detox our bank accounts.

Campaign Updates

HSBC doubles down on unwavering commitment to coal

“Coal is such a fundamental part of power generation in many developing countries where we operate that we do not think it is the right thing, from a social or economic perspective, to withdraw.”

 

You’d be forgiven for thinking that these are the words of a hardened coal baron intent on exploiting all possible coal reserves from developing countries.

Campaign Updates

Another investor announces support for HSBC shareholder resolution

The news that a resolution designed to get HSBC out of fossil fuels will be voted on at the upcoming AGM has caused quite the stir.

Campaign Updates

3 reasons HSBC should support shareholders’ ‘no fossil fuels’ resolution

A group of HSBC shareholders is disappointed that the bank isn’t taking urgent steps to end financing for fossil fuel companies.

Campaign Updates

How to switch your account from a bank funding fossil fuels

There are many ways to complain about your bank’s role in financing fossil fuels and join the millions demanding an end to bankrolling the climate crisis.

Campaign Updates

9 reasons banks have to stop funding fossil fuels

Whether you’re emailing your bank or talking to staff working in the branches, it helps to have a few good points lined up to make a solid argument.

Campaign Updates

Three easy ways to challenge banks funding fossil fuels

Furious that Barclays and HSBC are still investing in fossil fuels, but haven’t got much time to spare? Don’t worry – in just ten minutes, you can take on the banks which are pumping billions into oil, gas and coal companies.

Campaign Updates

Barclays’ dangerous funding exposed in sticker storm

In recent weeks, stickers have been plastered on Barclays branches across the UK, drawing attention to how the bank is continuing to fund the climate crisis.

Campaign Updates

Net zero doesn’t have to be rocket science, but Barclays is trying hard

Another day, another ‘climate announcement’ by a major bank. 

 

This week, Barclays has announced how it intends to reach ‘net-zero’ by 2050.

Campaign Updates

Barclays and HSBC $43 Billion Fossil Fuel Problem, despite Net-Zero pledge

It’s been revealed that between January and September of this year, Barclays increased its financing of key fossil fuel players compared to the same period last year in spite of a commitment by the bank to align its business with climate goals.

Campaign Updates

CAMPAIGNERS REJECT HSBC’S ‘NET-ZERO AMBITION’, TARGETING BILLBOARDS OVER ‘CLIMATE COLONIALISM’

Activists in 10 UK cities have covered billboards and bus stops with spoof HSBC adverts, accusing HSBC of ‘climate colonialism’ and demanding the bank end its financing of fossil fuels, detention centres and climate destruction.

Campaign Updates

Barclays and HSBC have no plan to exit tar sands 

Barclays revealed to have been involved in over 10 deals to harmful tar sands sector since committing to net-zero

 

New research has shown that the fight to end the extraction of tar sands for energy is not yet over, as the biggest financial players still have significant interests tied up in the companies that produce and export the harmful substance.

Campaign Updates

Revealed: HSBC signed off fossil fuel deals in run up to net-zero

A new investigation into HSBC’s dealings reveals that in the four months before it made a commitment to go net-zero by 2050, the bank financed at least four companies that are actively involved in the construction of new fossil fuel infrastructure, as well as one oil and gas project.

Campaign Updates

Tell the Bank of England: change the rules of the game!

The Bank of England has the power to stop banks like HSBC and Barclays funnelling billions into companies making the climate crisis worse.

Campaign Updates

Euromoney, time to update your definition of sustainable banks

Last week top banking prizes were given to two of the world’s worst fossil banks. JP Morgan Chase received “World’s Best Bank”, while being the #1 banker of climate chaos and the target of a massive global campaign, and our very own HSBC won, shockingly, “Best Bank for Sustainable Finance”, despite it being Europe’s second worst fossil bank, having pumped $87B USD into fossil fuels since the Paris Climate Agreement was signed.

Campaign Updates

Storm of protests targeting Barclays across the UK

Sheffield,
Inverness,
Rochdale,
Bath,
Bristol,
Exeter,
Worthing,
Hertford,
Newbury,
Cardiff,
Manchester,
the flagship Piccadilly Circus branch in London,
Balham,
Clapham Junction,
Kendal,
St.

Campaign Updates

Barclay’s climate commitments could amount to not-zero

The whole idea of ‘net-zero’ has rocketed into the mainstream lately, and for good reason if we’re to have any chance of limiting warming to 1.5 degrees.

Campaign Updates

Barclays Vs Football

A mock football match staged outside Barclays’ flagship Piccadilly Circus branch has turned the floodlights on the bank’s cynical exploitation of the beautiful game.

Campaign Updates

Pressure mounts on Barclays and HSBC as protests build

Over the last few weeks Barclays have come under increasing pressure as protests have intensified. From Kendal to Bristol, Glasgow to St Albans, Barclays have come under fire for the financing of fossil fuels across the country.

Campaign Updates

Returning Lloyds of London met with protests

When Lloyds of London opened their doors on the 1st September they were greeted with a clear message: stop insuring catastrophic fossil fuel projects.

Campaign Updates

HSBC’s shiny ad campaign Vs the reality

Since 2012 the group Brandalism has been holding big corporations to account with guerrilla activism they call subtervising. Their next target?

Campaign Updates

Lloyds of London fuels the climate crisis

Our sister organisation Insure our Future today released a report highlighting the role that insurance giant Lloyd’s of London plays in driving the climate crisis.

Campaign Updates

Revolving door between Barclays and BP – The Ecologist

For those scratching their heads on why big banks continue to pour billions into the companies making the climate crisis worse, we found one of the answers!

Campaign Updates

What are we divesting for? Join a webinar

One of our partners Platform London is hard at work campaigning for British banks and other institutions to divest from fossil fuels.

Campaign Updates

The video Barclays don’t want you to see

Activists have a special message for Barclays after they found their dirty little secret:

Campaign Updates

Activists to Bank of England: Build Back Better

This week climate activists around the world are mobilising to demand a Just Recovery from the Covid-19 pandemic ahead of two important meetings that will be attended by the wealthiest governments and finance decision-makers.

Campaign Updates

Meet Sharklays: what the UK’s biggest fossil bank is really trying to say

These grassroots activists had a little fun spoofing Barclays’s latest ad campaign today. Below is their press release, and be sure to visit the new Sharklays.co.uk also!

Campaign Updates

Barclays urged to confront slavery and climate change

Today grassroots activists organized a socially distant protest at Barclays Bank’s offices in London demanding they take action not only on the climate crisis but their history supporting slavery.

Campaign Updates

Coronavirus bailouts shouldn’t stoke climate change

This opinion piece in Foreign Affairs points out how much of the stimulus created by world governments has gone to carbon-intensive industries and the fossil fuel sector that needs to be wound down in order to stave off the worst impacts of the climate crisis.

Campaign Updates

Building momentum for green recovery at the Bank of England

It feels a lot like momentum….!

 

First Andrew Bailey was forced to respond to activists who emailed and called him.

Campaign Updates

UK banks and investors backing Amazon destruction

Deforestation is the second major cause of climate change, and a joint investigation by the Guardian, Greenpeace’s Unearthed and the Bureau of Investigative Journalism, UK banks and financial institutions have provided more than $2bn US (£1.5bn) in financial backing in recent years to Brazilian beef companies linked to deforestation in the Amazon rainforest.

Campaign Updates

Coronavirus could cause £25 Trillion fossil fuel industry to collapse

That eye raising headline from The Guardian was based on reports that the value of fossil fuel reserves might fall by as much as two-thirds as the covid crisis has hastened the peak for oil, coal, and gas demand.

Campaign Updates

Fossil Finance and Climate Justice – webinar from People and Planet

Earlier in May our partner People & Planet’s Divest Barclays campaign held a webinar ahead of the Barclays’ AGM on why they are taking the fight for climate justice to the doorstep of the big banks.

Campaign Updates

24% of shareholders protest Barclays fossil fuel support

Today at Barclays’ AGM, an incredible 24% of shareholders voted for ShareAction’s resolution asking the bank to phase out financing for fossil fuels and utility companies that are not aligned with the Paris climate goals.

Campaign Updates

New report shows who is Funding Climate Chaos in the UK

Today, a group of organisations – 350.org, Platform London, People & Planet and The Sunrise Project – launched “Funding Climate Chaos“, a new report highlighting the role of UK banks in funding the climate crisis, focusing on Barclays and HSBC and referencing data from the Banking on Climate Change report.

Campaign Updates

What are the holes in Barclays’ new “Net Zero” policy?

Our friends at Share Action did the hard work to unpack what Barclays’ new fancy sounding “Net Zero” fossil policy really means.

Campaign Updates

CityAM debates morality of Barclays climate protests

The media is starting to notice the growing movement targeting banks and other financiers of fossil fuels. The newspaper CityAM hosted a debate on this new target of climate activists.

Campaign Updates

Greenpeace activists shut down 100 Barclays branches

Nearly 100 Barclays high street branches were shut down to protest against bank’s continued multi-billion dollar support for fossil fuels.

Campaign Updates

The RBS climate announcement and why it matters

A few days after our high profile ad ran in Scotland’s major newspaper, Alison Rose the CEO of RBS/ Natwest, announced as part of their new strategy for the Bank that RBS will also stop lending and offering underwriting services to major oil and gas producers that do not have credible transition plans in line with Paris climate agreement targets, which aim to limit global heating to below 2C.

Campaign Updates

Pressure to act big mounts on RBS

After a long concerted campaign at Royal Bank of Scotland/ Natwest to stop financing fossil fuels, led by the Friends of the Earth Scotland, BankTrack and others, rumors were flying that they were on the cusp of making a big climate policy announcement.

Campaign Updates

Protesters “swarm” London’s banks for their investment in fossil fuels

Grassroots activists from a wide cross section of British society have launched their “swarm” against the Bank of England and other financiers of fossil fuels in London today.