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International fossil fuel bank info – some very good!!

Fossil Banks No Thanks

CAMPAIGN NEWSLETTER – September 2019

Welcome to the Fossil Banks Campaign Newsletter,

Like us, you’re probably busy preparing for Global Climate Strike week kicking off on September 20. In this edition of the newsletter you’ll find BankTrack’s statement of support for the Strike, which calls on bank workers to get involved, and a list of the financial institutions that have thrown their support behind the Strike so far.

The Strike week coincides with several other key climate and finance events. There is, of course, the UN Climate Action Summit in New York on the 23rd, for which Greta Thunberg sailed across the Atlantic. The day before the Summit will see the launch of the Principles for Responsible Banking (PRBs), a UNEP-FI framework to align banks with the Paris Agreement, among other things. So far 15 Fossil Banks have committed to become signatories to the PRBs, along with dozens of other banks. Whether this will result in a concerted effort by these banks to become fossil free remains to be seen.

If you’re looking for ways to get involved in activities targeting Fossil Banks in the coming months, there are cool actions to join both online and offline. Check out the ‘Take Action’ section for details.

Finally, several banks have taken steps to further exclude financing for fossil fuels in the last few months, with the most notable being French bank Crédit Agricole, which will no longer finance coal expansion and has a clear coal phase-out plan.

With warm wishes,

Claire and the BankTrack team

Why this campaign

With the support so far of more than 270 organisations around the world, Fossil Banks, No Thanks! is calling for an end to fossil fuel finance by private sector banks. The climate emergency means there must be an immediate end to the expansion of the fossil fuel industry and a rapid phase-out of all coal, oil and gas operations. Banks must urgently bring their financing in line with these aims. You can read the Call on Banks at fossilbanks.org. Our Fossil Banks, No Thanks! newsletter will keep you up-to-date on campaign news, victories, and upcoming activities, as well as providing you with links to relevant articles and fossil fuel-related research.

Help us get to 300 organisational supporters: share the Call on Banks with your networks!

Follow us on Twitter for daily #FossilBanks updates.

TOP STORY

Bank workers: Join the Global Climate Strike!

BankTrack, Sept 2From September 20 to 27, BankTrack will be joining and supporting events organised and led by the Youth Strikers. We call on all bank workers who see the crisis we are in, whose children may already be climate activists, to join the Global Climate Strike or support it in whatever way they can. Bank employees, by disrupting business as usual, can show decision-makers at banks that there is support among their workforce for strong climate action, and for banks to play their role in ending the age of fossil fuels.

Read more…

BANKS JOINING THE GLOBAL CLIMATE STRIKE

German ethical bank GLS has committed to close its doors on September 20 to allow its workers to march “against the climate catastrophe”. Several trade unions and companies have also stated their support for the strike. Which bank is next?

RECENT BANK MOVES OUT OF FOSSIL FUELS

Crédit Agricole gets real on coal

On June 6, Crédit Agricole released its new approach to coal, in which the bank has committed to blacklist all coal developers and fully exit the coal sector by 2030 in OECD countries, by 2040 in China and 2050 in the rest of the world. This is the most comprehensive coal finance exclusion policy we’ve seen from a bank to date.

However, the bank still has some way to go on reducing its finance for the oil and gas industry. You can read BankTrack’s analysis of the policy here.

Commonwealth Bank out of thermal coal by 2030

Market Forces, Aug 7
In its new Environmental and Social Framework, Commonwealth Bank committed to exit thermal coal by 2030, and issued a stark warning to industry and policy-makers that coal has no place in Australia’s future. The bank’s announcement follows recent commitments by insurers QBE and Suncorp to exit the thermal coal sector by 2030 and 2025, respectively. Read more…

Royal Bank of Scotland rejects Arctic Refuge drilling

Sierra Club, Aug 6
The Royal Bank of Scotland released an updated environmental policy that rules out financing for oil and gas drilling or exploration in the Arctic National Wildlife Refuge. This critical update to the bank’s lending policy follows similar announcements this year from other major international financial institutions including Barclays and NAB. Read more…

TAKE ACTION

Block the Banks

Nov 8-10, London, UK

A two-day action training to stop finance for fossil fuels!

This training, hosted by 350.org in collaboration with BankTrack and Positive Money, will help activists learn together, build skills, and participate in a direct action. There are limited spaces available and we will prioritise those who are most able to put the training into action. Sign up here.

Bankrupt Climate Change: Barclays action
Sept 21, Hove, UK

Barclays is Europe’s #1 Fossil Bank. Join climate activists in Hove to tell the bank it’s time to ditch fossil fuels.

See more details in the Facebook event.

Calls to Action from our partners

  • JPMorgan Chase: Sign up for a tool-kit, including a letter you can hand-deliver to managers at branches of JPMorgan Chase, the world’s #1 Fossil Bank, by Rainforest Action Network
  • Adani: Tell banks that Adani Ports funding must not be shifted to Carmichael coal, by Market Forces
  • Australian banks: Tell them to choose – you or fossil fuels, by Market Forces

TRACKING BANK POLICIES

At BankTrack, we like to keep track of banks’ fossil fuel policies (it’s in the name!). We’ll soon be introducing a new tool on our website to make it easy for you to see at a glance which bank excludes what.

Until then, you can find a summary of each bank’s policies in the bank profiles on fossilbanks.org as well as the following policy tables on banktrack.org:

  • Following the explicit rejection of oil and gas exploration in the Arctic National Wildlife Refuge by RBS, we’ve also updated our table on banks’ Arctic oil and gas policies to show more clearly which ones have excluded finance for both onshore and offshore activities (10 banks and counting, and one excluding onshore only) or for offshore activities only.
  • Tar sands have been high on the environmental agenda for the past few years. The number of banks getting the message is in the double digits.
  • Our recently refreshed overview of banking sector coal policies shows that we’re now up to 45 banks which have adopted or updated a policy restricting their coal financing, including 22 banks excluding the direct financing of new thermal coal mines, and 26 banks excluding the direct financing of new coal plants worldwide.

NEW RESEARCH

Here’s a selection of recent research relating to banks and fossil fuels.

  • Consent is Everybody’s Business: Why banks need to act on free, prior and informed consent, Oxfam, Aug 20
  • Rio Grande Valley: At Risk from Fracked-Gas Export Terminals, RAN, July 10
  • Burning the Gas ‘Bridge Fuel’ Myth, Oil Change International, May 30

Also, check out this excellent blog series from Oil Change International on the International Energy Agency’s misguided views on gas.

BankTrack is the tracking, campaigning and NGO support organisation targeting the operations and investments of commercial banks globally.

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Vismarkt 15, 6511 VJ Nijmegen, Netherlands


Some new names at Chase –

 

Jeanne,

I want to say thank you for showing up on September 20th – I’m looking forward to seeing you there!

Now that you’re signed up to strike for the climate, it’s time to up the pressure on Chase, the largest funder of the climate crisis.

JP Morgan Chase is continuing to invest in climate-wrecking fossil fuel companies, with absolutely no plan to stop. Chase will not get away with business as usual, we won’t allow it, Jeanne.

Take action on Chase before we take it to the streets on September 20th and show them the people power that will not back down in the face of this climate crisis.

As the world’s largest funder of the fossil fuel industry, JPMorgan Chase is not only complicit in the climate crisis but culpable. Chase is profiting from this crisis and it needs to face the destruction its investments cause and make a BIG change NOW. Send a message to Chase executives that we’re holding them accountable for the destruction they continue to directly fund.

As millions take to the streets over the next few weeks, we have to make it clear to Chase: Start supporting a livable climate and defund fossil fuels. We must transition away from fossil fuels, and it’s time for Chase to choose the right side of history, the just side.

For people and planet,

Ruth Breech
Senior Campaigner Climate & Energy
Rainforest Action Network

 

 

At RAN, we take the “Network” in our name seriously. It is only through your support that we are able to fund major campaigns for the forests, their inhabitants and the natural systems that sustain life. Please consider joining RAN as a Member by making a gift today.

425 Bush St, Suite 300, San Francisco, CA 94108, United States
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CLIMATE STRIKE SEPT 20-27 2019

Who: Wenatchee High School Students and community supporting them

What: Global Youth Climate Strike When: Sept. 20, 2019 at 11:15 a.m.

Details: Students will meet at 11:15 by bus area and walk to Wenatchee City Hall, 301 Yakima St. Route:  Millerdale & Miller to Orondo to Chelan St.    

Students will bring their own posters and water . Community Members and Parents wishing to support them can join along the route or meet them on the steps of the Wenatchee City Hall.  Rally and Speakers will start at noon. After the program we will march to the Wenatchee Community Center Veterans Hall and view film, “Ice on Fire”(1PM). After the movie and discussion, we will march back to City Hall along Chelan St.

350 Wenatchee is Proud to be a partner! 

 

 


Check this OUT!! :)

Hi Chasetivists
RAN had some fun last Friday night with a high-powered projector at the uberswanky new SF Chase Center’s opening night concert with Metallica and the SF Symphony. (As some of you may know, this is the new home of the Golden State Warriors). We also bannered and flyered people going to the concert. 

As you can see we got some great images and got coverage on the local CBS news.
Cheers
Paddy
Patrick McCully
Climate & Energy Program Director
Rainforest Action Network
San Francisco, California
US cell: 510 213 1441
WhatsApp (+ cell while in Europe): ‭+353 (87) 775 7010‬
Skype: patrickmccully
 
 
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It’s happening locally folks!!

My name is Katie Eder. I’m a 19-year-old climate justice activist, and the executive director of Future Coalition — we’re coordinating a coalition of youth-led organizations organizing and mobilizing for the Climate Strike on September 20th.

By now, you’ve probably received plenty of emails about the Climate Strike on September 20th. You probably already know that masses of people of all ages will join youth in the streets in over 500 US cities. But you might still be wondering, why are all these people striking? Why should I get involved?

Today, I’m proud to announce that the US Climate Strike youth coalition has finalized a set of bold demands. RSVP below to a Climate Strike event where you live, then read our demands below.

Wenatchee Climate Strike

Friday, September 20th, 12:00 p.m.
Wenatchee City Hall
Wenatchee, United States

Wenatchee Climate Strike

Climate Strike Leavenworth

Friday, September 20th, 8:00 a.m.
Leavenworth, Washington
Leavenworth, United States

Climate Strike Leavenworth

Ellensburg FridaysFor Future Climate Strike

Friday, September 20th, 12:00 p.m.
Corners of University Way and Wildcat Way
Ellensburg, United States

Ellensburg FridaysFor Future Climate Strike

 

If this isn’t your location or you’re interested to see all the events planned, you can check the map at globalclimatestrike.net/usa

Too often, we think about solutions in a very small-minded way, inside the box, way. We don’t have time to stay in the box. We need to be more innovative with our solutions and ask for what we need, not what we think could be possible or has been possible in the past.

We Demand:

  • A Green New Deal that immediately halts all new fossil fuel projects and transitions our economy to 100% renewable energy by 2030.
  • Respect of Indigenous lands and sovereignty — the US government must halt all resource extraction on or affecting Indigenous lands, and recognize the Rights of Nature into law.
  • Environmental justice for communities on the frontlines of poverty and pollution, and sanctuary for all migrants.
  • Protect and restore 50% of the world’s lands and oceans; stop all deforestation by 2030.
  • Invest in sustainable agriculture, not agribusiness.

We know what we’re asking for goes beyond the scope of what’s been achieved so far, but that’s precisely why we’re demanding it. We have just 11 years left to cut global emissions in half, and to do that, we need to work together to make these demands a reality .

If you’re ready to start fighting for these demands, sign up to join a Climate Strike event where you live.

Our only hope of achieving the sweeping transformation we need to save our futures is with the power of a mass movement. That movement that has existed in the US for decades is unifying and growing right now. People in over 100 countries are mobilizing for the Climate Strike — and over 500 US locations in all 50 states, as well as Puerto Rico and Guam, are joining in on the action.

Together, we are the hope for a different future than the one fossil fuel billionaires want to condemn us to. We still have the power to create the change we need, but only if we work together. That’s why we need you.

Forward,

Katie Eder – Future Coalition


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