Boris Johnson unveiled his 10-point plan for a green recovery, telling us that we have no time to waste. We know that. That’s exactly why it’s so urgent to end fossil fuel finance.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Hi John,

Yesterday, Boris Johnson unveiled his 10-point plan for a green recovery. Sadly, his plan overlooks one of the major causes of the climate crisis: out-of-control banks and the fossil fuel industry they finance. 

Since this pandemic started, the Bank of England has been bailing out big polluters and doing little to nothing to regulate UK banks that are pouring billions into fossil fuel projects. But the Bank of England is supposed to work for people like me and you - not polluters and their dirty interests.

Over the coming months, we are ramping up the pressure to remind them of that fact. We’ve got plans for large-scale days of action, workshops, online and offline campaigns - all aimed at putting pressure on the Bank of England to stop giving billions to polluters. 

But before we lock in our organizing plans, we need your help. Can I count on you to chip in £3.50 today, so we'll have the resources we need to launch large-scale campaigns across the country? We'll put your donation right to work demanding the Bank of England end their fossil fuel funding.

Last week, we learned that Barclays financed a staggering $24.5 billion worth of fossil fuel projects over the last nine months, an increase of $200 million from the same time last year. [1] Yet, the Bank of England is doing nothing to stop the climate-wrecking spending of Barclays and other UK banks. If they wanted, they could keep bad banks in check and stop them from funding climate breakdown. 

We know that the financial system has been rigged for the powerful. Without pressure from a mass movement of people coming together, it will remain a plaything for rich investors - who are motivated by profit, not the needs of the people.

The Bank of England is already feeling the heat. Andrew Bailey, Governor of the Bank of England, recently admitted that greening the Bank of England is a “priority”. But so far, he has yet to follow through on his words. If we are serious about a green and just recovery, we need to change the rules of the game.

We know that the pandemic has affected many of us deeply, and disrupted our lives and efforts to organise for climate justice. But we need to keep going. Your £3.50 donation today will go towards helping us organize powerful actions to demand an end to the Bank of England's fossil fuel funding, and a just and green recovery.

Can you chip in £3.50 to help grow our movement so we can take powerful action over the coming months? Together, we can hold the Bank of England accountable for funding polluters.

Thank you for all of your support, especially during this important moment as we lock in our organizing plans.

Onwards,

Scott for the 350 Europe team

P.S: Not able to donate right now? That’s all good. There are still ways you can help add pressure. Sign this petition to give the Bank of England the push they need to take climate seriously.

Sources:

[1] Financial Times