Divest Fossil Fuels
XRSL are campaigning for Barclays to clean up their act
Expansion of fossil fuel extraction amounts to guaranteed catastrophic world temperature rises, yet mainstream banks around the world continue to invest in our destruction. Since the Paris climate agreement in 2015, where the world agreed to avert the worst effects of climate breakdown, the world’s top banks have poured $1.9 trillion into fossil fuel financing*. And that’s not even counting their 2019 investments which are still being calculated.*
Barclays is the worst bank for investing in fossil fuels, not just in the UK but in the whole of Europe. Across the world, Barclays are 6th worst in terms of banks investing in fossil fuel since the Paris climate accord (2015). But you can’t rest easy with any of the other high street banks either.
There is something that you can do NOW!
Whether you bank with Barclays or one of the other destructive banks (HSBC, Lloyds, NatWest etc) you can create real pressure for change by abandoning them. Switch to a bank that cares about our future.
The good people at https://www.switchit.money can tell you how.
Done that? Maybe you can get your pension out of fossil fuels too? In that case https://shareaction.org/pensions/take-action/ have good advice.
- Failure to Transition report – Greenpeace/BankTrack May 2019 – How Barclays’ 2019 Energy and Climate Change Statement fails to address climate risk
- The majority of fossil fuel reserves are un-burnable if the world is to avoid dangerous climate change – https://www.carbonbrief.org/study-most-fossil-fuels-unburnable-without-ccs
- The geographical distribution of fossil fuels unused when limiting global warming to 2 °c – https://www.nature.com/articles/nature14016