Leaving powerful banks, insurers, asset managers, lobbyists and
financiers alone in a room to talk about climate is never a
very good idea...
At COP26, Big Finance committed to aligning their businesses to
net-zero by 2050 – finally doing their bit for the planet.
But surprise, surprise, today this club of CEOs known as
GFANZ (Glasgow Financial Alliance for Net Zero),
has done little but pay lip service to climate
action. Worse, they're even listening to fossil
fuels lobbyists who are intent on watering down any new climate
policies.
As we speak, the leaders of GFANZ, Mark Carney and Mike
Bloomberg, are holding an important summit with their members –
and this time, we won't let them gab behind closed
doors.
Together with a coalition of climate campaigners and NGOs, we are
preparing public actions to shine a spotlight on their wrongdoings,
and force them to do their job: come up with a clear and
detailed action plan to cut out fossil fuel finance and support a
transition to clean energy, now!
we
need your help! Send Carney, Bloomberg and the GFANZ gang a protest
email and support our actions happening today during this
meeting!
GFANZ has over 450 financial firms from 45 countries, is
responsible for assets of over $130 trillion and represents over 40%
of total global private financial assets. In short, it is an
enormous financial alliance with almost unprecedented power over
financial markets.
As such, it can be an enormous force for change - it can point a
way forward for climate finance, peer pressuring laggards and really
change the way major financial institutions invest.
But with great power comes great responsibility.
And in the wrong hands, this enormous conglomerate could just serve
as a nice coat of paint, greenwashing the most polluting investors,
banks and insurers and enabling them to carry on their climate
destruction business as usual.
Today, by refusing to call an end to its members'
financial support for fossil fuel projects and using the war in
Ukraine as an excuse to pump more money into oil and gas
infrastructure, Carney and Bloomberg are failing to live up
to even their most basic responsibilities.
help
us disrupt their cozy tête-à-tête and send the GFANZ cabal an email
calling for an end to their greenwash and a serious action plan
towards real net zero emissions.
We expected better from Mark Carney and Mike Bloomberg. As the
self-styled "kings of green finance", they owe us and the
planet much more than parroting the rotten narratives of fossil fuel
lobbyists.
Hundreds of thousands of SumOfUs members have been banding
together to call out greenwashing where we find it. Last year, we
took on the CEO of Lloyd's of London John Neal and his worthless
environmental plan - making a complete u-turn on his commitments -
forcing Lloyd's to publicly acknowledge their hypocrisy. Early this
year, we asked the shareholders of TotalEnergies to block its fake
"climate plan" and your concerns were brought directly to the Annual
General Meeting.
Our future is burning and there is no more time for fake
initiatives. Let's get GFANZ to be a force for good rather than for
destruction.
support
the wave of mobilisations at their meeting today and send the GFANZ
an email calling on them to invest in our
future!.
