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On Saturday 30 March, Momentum will be staging creative direct action Barclays branches around the country in order to pressure the bank to stop funding the fossil fuel industry. Join us in taking on the banks that fund climate breakdown, and let’s break the chain of fossil fuel finance!
From hurricanes in the Caribbean to wildfires on Saddleworth Moor, climate change is devastating communities around the world. And according to the IPCC, we only have 11 years left to act to limit the worst of the crisis.
If we’re serious about preventing catastrophic warming, this means we can’t build any more fossil fuel infrastructure. Rather than digging more coal mines, drilling more oil fields and building more pipelines, we need to radically transform our energy infrastructure and build a green economy for the many.
In order to win this fight, we need to take on the banks. Although fossil fuel companies have a lot of money, they don’t have the billions of dollars needed to build their infrastructure. This is financed by banks, who could be investing in renewables instead.
One of the biggest culprits is Barclays. Between 2012 and 2017 Barclays financed 15 fossil fuel companies with over $30bn, including corporations pushing ahead the plans to develop the fracking industry in the UK.
But we can stop Barclays. With only limited grassroots effort from People & Planet campaigners, Barclays has already begun to concede. In May 2017, the bank’s chairman told shareholders Barclays would be withdrawing its financing of a company licensed to frack in Ryedale. This was due in part to the hundreds of creative direct actions taken by students at Barclays branches across the country.