In the 5 years since the Paris Agreement, the world’s 60 biggest banks have financed fossil fuels to the tune of $3.8 trillion. Runaway funding for fossil fuel extraction and infrastructure fuels climate chaos and threatens the lives and livelihoods of millions.
To put pressure on the Banking CEOs, write emails with this tool.
18 NGOs released a joint report showcasing 12 of the most devastating fossil fuel projects that are currently planned or under development. These expansion projects alone would use up three-quarters of the total remaining carbon budget if we are to have a 66% probability of limiting global warming to 1.5° Celsius. #FightFor1Point5
The report [PDF} exposes the banks and investors that are providing financing to the fossil fuel companies.
The dirty business of financing the fossil fuel industry
Urgewald – a German NGO focusing on Climate-destroying Finance – campaign: #BanksForFuture
BankTrack is a global network of non-governmental organizations cooperating in the field of private banks and sustainability.
Banking on Climate – Fossil Fuel Global Finance Report