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Dear John,
Next week I’m giving oral evidence to a powerful group of MPs - the Environmental Audit Committee. [1] They want to know about the Bank of England’s impact on the environment. Right now it’s pumping billions of pounds to fossil fuel corporations, and letting other big banks do the same. But it could stop this. [2]
This meeting is our chance to show how many people want the Bank of England to stop funding climate chaos and invest in the local, green economy instead. I’ll be taking a dossier of research, but I want to take thousands of voices from the public too.
It’s not every day we get an opportunity to influence such important policies. So today we’re launching a petition alongside people-powered groups SumOfUs, Fund Our Future and 350.org. John, please will you sign the petition calling on the Bank of England to stop funding fossil fuels in 30 seconds now? |
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The next few months are crucial for our future. The Bank of England’s Covid bailout scheme and corporate quantitative easing program are pumping billions to filthy fossil fuels. [3] It’s essential we convince them to cut this money pipeline off, and fund our future instead.
Apocalyptic red skies over San Francisco last week were just the latest sign of heat waves and wildfires across the globe - devastating livelihoods and our natural environment. Unless central banks act, we’re going to see more climate change and destruction soon. In Europe, more than 130,000 people demanded the European Central Bank stop funding the climate crisis, and they got a response from the ECB President. [4] Now a coalition of activists, finance experts and climate campaigners are coming together to push the Bank of England to change too. Together we’re aiming to gather tens of thousands of names on this petition by next week so I can take as many voices as possible with me into the evidence session. John, please will you help? Please will you sign and then share the petition with your friends in 30 seconds now? |
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Thank you for all that you do,
Fran Executive Director of Positive Money PS: You can tune in to watch the evidence session at 9.30am next Thursday 24th, here: https://www.parliamentlive.tv/Commons Notes: [1] https://committees.parliament.uk/work/306/greening-the-postcovid-recovery/ |
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