From Izzie McIntosh, Global Justice Now <[email protected]>
Subject Bankrolling the climate crisis
Date October 7, 2023 11:31 AM
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Hi John,
Imagine having the power to halt the fossil fuel industry. Well, the four biggest banks in the UK could take a huge step towards doing so by turning off the financial taps. Instead, over the last seven years, HSBC, Lloyds, Barclays and Natwest have together poured an incredible £300 billion into oil and gas – and made gigantic profits doing so.

In 2022, when unprecedented floods across Pakistan caused up to $40 billion of damage, and the UK saw record temperatures of over 40 degrees, Barclays alone invested almost £14 billion into fossil fuels. It's a climate-wrecking business model.

We can't let these financial giants bankroll the climate crisis and get away with it! We need to make them pay for the pollution they are helping to create. The COP28 UN Climate Conference is fast approaching, and we will be demanding governments at the summit deliver on the global fund for climate loss and damage they promised last year. This fund would compensate those on the sharp end of the climate crisis, who have often done the least to cause it. It’s vital that rich countries like the UK commit to making a major contribution.
But so far those who are doing the most to cause the climate crisis – such as big polluting banks like Barclays and HSBC, and big polluting oil companies like BP and Shell – have contributed nothing to pay for loss and damage. We need to hold these companies, which are profiting from driving the climate emergency, to account. We need to ensure our leaders feel the pressure to make them pay at every turn. When the president of this year’s COP is heading up an oil company, we can’t leave anything to chance. Can you donate £5 today to help power our campaign to make polluters pay?
Yes, I'll donate ([link removed])
They’re based in the UK

Some of the biggest banks and fossil fuel companies responsible for the climate crisis are headquartered here in the UK. This means it’s down to people like you and me to push our government to bring them into line. Together we can fight for our government to properly tax companies like BP, Shell, Barclays and HSBC, and channel this into the UN loss and damage fund. And not just a windfall tax with loopholes – a permanent polluters tax which can start to raise the costs of burning the planet.

Our campaigning as part of the Make Polluters Pay coalition has already helped push this issue up the agenda. Every time companies like BP and Shell have announced their latest record profits in recent months, we’ve been all over the media demanding they pay for the damage they’ve done. Hundreds of thousands of us have added our names to petitions, written to our MPs, or shared the latest developments with our networks. And two weeks ago, across the country we took to the streets for the Make Polluters Pay Action Day.
But we know that big business won’t give up its profits without a fight. That’s why it’s urgent we make our voices heard for climate justice as loudly as possible in the run-up to COP28. And it’s vital we let our government know its failure to tackle the root cause of the problem – polluters getting away with paying nothing for their pollution – won’t stand. Will you donate today and help make sure big business pays for its climate destruction?
Yes, I'll donate ([link removed])
So far, progress at the UN on the loss and damage fund has been slow. As frustrating as this is, we have to keep fighting for the right thing. The agreement of a loss and damage fund was a big win for the global movement last year, and as campaigners we must keep pushing for it to become a reality. Every step towards climate justice will be hard won.

By donating today, you can help pressure decision makers by getting our climate campaigners heard at COP28. We will join allies to lobby negotiators and work in solidarity with powerful voices from the global south. My colleagues are experts in media exposure and have previously made us a go-to for commentary at the COP. Your help will make sure we are in the right place again to expose big business’s profiteering in the mainstream media and call for climate justice.

We have to make sure decision makers hear our demands before and after COP28 as well. With the recent government flipflopping on the UK’s climate commitments, it’s never been more necessary to show the breadth and depth of support for tackling the climate emergency. Rishi Sunak has committed to attending COP28, so we need to make sure he has our message ringing in his ears. From mobilising around a global day of action in December, to setting out detailed policies on taxing big polluting companies and convincing decision makers to back them – there is so much to do. A donation from you today could help make this happen.

Thank you for considering supporting our campaign, particularly during these difficult times.

Best wishes

Izzie McIntosh
Climate campaigner at Global Justice Now

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