News

— Right now, Citi staff are speaking out confidentially on Citi’s fossil fuel funding. You can take part by emailing confidential@bankonourfuture.org now —

What does the research show?

Credit Suisse and UBS have had decades of AGMs in their long histories. But this year, their AGMs were far from normal. Credit Suisse’s collapse has meant that UBS are taking on large parts of their business.

— RBC staff are sharing their thoughts on the AGM, Coastal Gas Link, and RBC’s fossil fuel funding. Share your thoughts in this confidential survey —

Here’s a run down of what happened at RBC’s eventful 2023 AGM in Saskatoon:

Indigenous voices:

Why am I being put in a seperate room?

— If you work for RBC and want to speak out confidentially on RBC’s fossil fuel funding, email confidential@bankonourfuture.org. All your communications are 100% confidential —

Wow.

Whilst other Canadian banks are thinking about scaling back their funding of fossil fuel expansion, RBC’s increased by a breathtaking 45% in 2022 (compared to 2021). That’s an insane amount for a bank pretending to understand the climate emergency.

Why does this research show up RBC?

New research by Bloomberg is showing that RBC is spending more than double on fossil fuels, than it is on clean energy, this is the joint worst ratio of any bank in the world.

Barclays staff are confidentially speaking about their frustration at the billions Barclays is continuing to lend to the world’s worst fossil fuel companies. To speak out confidentially, email confidential@bankonourfuture.org

Barclays just released their new energy policy.

As this story is evolving, Barclays staff are confidentially sharing their opinions on Barclay’s continued support of Adani. Just email confidential@bankonourfuture.org or send a signal message to +447818822876 to speak directly to the team.

This is one of the biggest meltdowns of a fossil fuel giant you’re likely to see, and it’s making headlines faster than papers can print it.

Adani is a gigantic Indian fossil fuel company.

Rule number one of banking school, don’t upset Stephen Fry.

Why is Stephen angry?!

A tonne of celebrities (including Stephen 🍳) and thousands of people across the country are sending a powerful message to the UK’s big 5 banks.

Right now, staff at Citi and Barclays are confidentially speaking out about the bank’s on-going funding of fossil fuel companies, and the banks’ tiny funding of renewables. To join your colleagues and speak out, email confidential@bankonourfuture.org or send a secure signal message to +447818822876 now.

The big four US banks have reported fourth quarter results that reveal  just how difficult the economic environment is with hyperinflation, high interest rates and dire energy security. But they also show a failure by the banks to take advantage of a grinning gift horse.

An explosive investigation, led by the Bureau of Investigative Journalism, on the front page of the Times Business section revealed last week that HSBC lent a huge amount of money to a German utility company that is currently *expanding* one of its coal mines, shortly after HSBC pledged not to fund coal expansion.

This is massive. Thanks to pressure from thousands of people, HSBC is going to stop lending money to new fossil fuel fields, anywhere in the world. That means that any fossil fuel company that wants to drill for new oil, or dig for new gas, will not get a loan for it from HSBC.

Coal is the most damaging fossil fuel. So a sustainable bank would want to make sure it’s not funding coal extraction right? Well, US bank Citi is a massive funder of coal companies.

Across the country, hundreds of people are doing actions outside Barclays branches. Why Barclays? Well, it’s because Barclays is lending billions of pounds to fossil fuel companies. Those are the same fossil fuel companies making huge profits by drilling for oil and increasing emissions.

Citi is 2nd biggest funder of fossil fuels of any bank in the world. And now, a new report is exposing Citi as taking the #1 spot for fossil fuel expansion in Africa.

Activists from the anti-fracking fight came to the UK to meet major banks face to face. You might be wondering why they travelled thousands of miles to meet major banks.

Note: RBC staff are speaking out about the billions of dollars RBC is continuing to lending to fossil fuel companies. If you want to speak out too, take this short survey, or email confidential@bankonourfuture.org.

It’s that time again for governments and big finance to discuss their way out of the climate crisis. It’s COP27 time. COP is traditionally littered with empty promises, backroom wrangling, and an ocean load of greenwashing.

The pressure is working. Three amazing announcements have come out in the last week that are direct results of years of pressure from amazing work done across the climate movement.

The co-chair of the world’s largest “green alliance” of banks, Mark Carney, has tried to put a brave face on the failings of banks in addressing the climate crisis. But during cross-examination at the UK parliament’s environmental audit committee this week, the cracks showed.

Caught greenwashing red-handed?

Canada’s largest bank is having a pretty awful week. RBC is now being investigated by a federal agency over alleged ‘greenwashing’, which is vindication for campaigners who have been saying this for literally years.

Bloom and Wild is a huge UK-based flower delivery company. They’re one of the most sustainable…if you completely ignore their choice of bank. Bloom and Wild bank with Barclays.