350.org Donor Bulletin: November 2019350.org
Dear friends,

We have some extraordinary news to celebrate — the European Investment Bank (EIB), the world’s largest multilateral lender and the €555 billion lending arm of the EU, adopted a new policy that will end its finance to all fossil fuel projects by the end of 2021 as it tries to become the world’s first ‘climate bank’. 350.org has played a key role over the last few years in increasing public pressure on the EIB through impactful petitions, innovative digital actions, incisive media work, effective partnerships with NGOs and grassroots groups, and disruptive mobilizations across Europe.

With your help, we took a leap a few years ago to begin to go after the social license of the fossil fuel industry and follow the money that was fueling climate change. It’s paying off, and it’s one of the levers we believe presents the most hope for accelerating climate action in these crucial few years.

That’s not all. This newsletter has lots of other updates you’ll be interested to know about — both what we are fighting and what we are winning.

Next week, I’ll be celebrating Thanksgiving with my family. This year has given me much to reflect upon with deep gratitude — and the 350 community, faithful and committed through thick and thin, will be, as we say in California, on my heart. Thank you for making our work possible.


May Boeve

May Boeve
Executive Director

World’s Largest Public Bank Cuts Coal And Oil Financing

Photo: 350 Europe
The European Investment Bank (EIB), the world’s largest international public bank and the €555 billion lending arm of the EU, adopted a new lending policy that will cut finance to most fossil fuel projects as it tries to become the world’s first ‘climate bank’… Read more.

Mega Oil Auction In Brazil Becomes A Big Win

Photo: 350 Brasil
A major oil auction in Brazil was a complete fiasco for the industry. Thanks to movement pressure, only 3 of 9 blocks were sold… Read more.

Victory: The U.K. Bans Fracking

Photo: Kristian Buus
The U.K. has banned fracking. This is a victory of people power and a display of what’s to come with more and more people demanding an end to fossil fuels and taking action for climate justice. Read more.

The ‘Production Gap’ – And Why We Have To Close It

Photo: 350.org
The United Nations Environment Programme published a new report with a game-changing title. ‘The Production Gap’ details the alarming disparity between countries’ current plans for coal, oil, and gas expansion, and the emissions reductions that science and the Paris Agreement demand.

It’s the first time the UN has pointed a finger so clearly at fossil fuel culprits… Read more.

New Report: Choked By Coal

Photo: Market Forces
350.org and partners just released a significant new report on the impact of coal on Bangladesh and the vulnerable communities at risk. Read more.

Black Friday Climate Strike

Photo: Ritu Bhardwaj
Youth climate strikers will hold another massive global climate strike in just two weeks’ time. On the frenzied shopping day ahead of the holiday season, school strikers will take to the streets to demand an end to fossil fuels and binding action from governments before the end of the year. So mark your calendars for November 29th and follow… Read more.

Giving From Your IRA This Holiday Season

If you are 70.5 or older and you have a traditional IRA, you are eligible to make a tax-free gift from your IRA called a Qualified Charitable Distribution. Starting when you turn 70.5, you are required to withdraw money from your IRA. If you choose to donate directly from your IRA, the gift is tax-free!

Calculate how much you need to take out of your IRA this year, and see how that amount can be turned into a tax-free gift to 350.org.

All this progress is a result of your support of 350.org. We can’t thank you enough for being such a strong partner in our fight against climate change.

If you prefer not to receive this bulletin, please contact Matthew Hillsberg at matt.hillsberg@350.org.

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