Since 2016, 60 banks have invested $3.7tn in fossil fuels. That’s $3,700,000,000,000 to continue to destroy our natural world. Make sure your bank isn’t using your money to ruin your world. And if they are, find a new one.
Switching to a cleaner high street bank is easy and automated and is one of the most powerful ways you can take climate action. When you’ve switched, write to your old bank and tell them why you’ve left.
We recommend SwitchIt which is a really easy to use site that will tell you how good or bad your current bank is and offer you better alternatives. They’re completely independent and can also give you info on your energy provider.
For those of you who have pensions…there’s about £2.6 trillion invested in UK pensions. Lots of it funds harmful industries like fossil fuels, tobacco, and arms. Switching your pension could cut your carbon impact 21 x more than stopping flying, going vegetarian and changing energy suppliers combined. Visit Make My Money Matter to find out more.
Independent article - https://www.independent.co.uk/climate-change/news/defund-divest-fossil-fuels-climate-b1828492.html
Metro article - https://metro.co.uk/2021/08/16/how-to-choose-an-ethical-bank-account-and-why-it-makes-an-impact-15088844/
Guardian article - https://www.theguardian.com/commentisfree/2021/nov/03/cop26-fossil-fuels
Financial Times article - https://www.ft.com/content/c1e31c6f-6319-4bfc-bde3-3ace80b46a2b
Teen Vogue article - https://www.teenvogue.com/story/banks-fund-fossil-fuels
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