From Anna Vickerstaff - 350.org <[email protected]>
Subject What's the Bank of England got to do with the climate crisis?
Date September 16, 2020 3:01 PM
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Hi John,

Big Banks like Barclays and HSBC are out of control. Since the UN Climate
talks in 2015, commercial banks have continued to recklessly fund the
fossil fuel industry, pouring a staggering £2 TRILLION into coal, oil and
gas - and they’re showing no sign of slowing down.

But luckily there’s someone who can stop them.

That’s why we’re calling on Bank of England Governor, Andrew Bailey, to
stop funding the climate crisis, and protect our future.

[ [link removed] ]Sign the petition now calling on Andrew Bailey and the Bank of England
to stop funding the climate crisis and regulate the banks that do.

Unlike most banks, the Bank of England is supposed to work for people like
me and you - not polluters.

The Bank of England acts as a referee for the whole UK financial system.
That means it has the power to impose rules that could stop banks like
HSBC and Barclays funding the climate crisis and devastating communities
around the world once and for all.

Andrew Bailey has previously shown promising signs that he wants to take
action on climate, but has since said that the Bank of England needs to
focus on the recovery from coronavirus for now. 

We know it’s not an either-or situation. In both the UK and around the
globe, the same communities who have been hit hardest by coronavirus will
bear the brunt of the climate crisis now and in the future. We need to let
Andrew Bailey know we need action on climate now.

As well as the power to referee the big banks, The Bank of England has a
duty to protect our economy from future crises. So far the Bank of
England’s actions during the pandemic have come in the form of bailouts
which build the power and profit of polluting companies, with no
protection for workers, the public or the planet.

Tell the Bank of England that a true and just recovery means building a
future that protects us and our economy from the devastation of climate
breakdown. One that prioritises workers over CEOs, planet over profit, and
is built on solidarity with communities around the world.

[ [link removed] ]Add your name to the petition to tell the Bank of England to stop
funding climate chaos.

Let’s fight together for for a better future.

Onwards,

Anna for the 350 team


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