In less than 100 days, the important climate talks since the Paris Agreement will begin in Glasgow, Scotland. That’s our deadline to secure public and private sector commitments that meet the scale of the climate crisis — which scientists declared a “Code Red for humanity” in their 6th assessment for the United Nations.
Since the Paris agreement was signed many financial institutions ― from banks to insurance companies; asset managers to pension funds ― have made big promises on climate, such as committing to “net-zero” emissions by 2050. But, at the same time, they are providing loans, insurance, and billions of dollars in investments, to the fossil fuel industry. These companies use that money to turn around and perpetuate human rights abuses, racism, and treaty violations as well as perpetuating the climate crisis.
To change everything about our economy, we need everyone to speak out now – before the Glasgow climate summit. Will you sign on to our petition with the Stop the Money Pipeline coalition now?
New fossil fuel pipelines like as Line 3, the Mountain Valley Pipeline, or the TransMountain pipeline — not to mention export terminals, pumping stations, refineries and chemical plants like the Formosa plastics plant — cannot survive without investment and loans from the financial sector, and tax breaks from the US government.