*[Enwl-eng] Green recovery: scandal behind closed doors

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May 28, 2020, 7:10:37 PM5/28/20
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While the EU tries to find a green way out of the Covid-19 pandemic, the European Central Bank is preparing to pour billions of euros into dirty fossil fuel corporations.

We've got just 6 days to stop this.

Tell the ECB to stop funding the climate crisis!

picture of a nuclear chimney releasing thick, dark smoke

 Sign the petition 

Nobody's sure what the future will look like once the coronavirus pandemic ends -- but we do know that fossil fuels have no place in it.

So why is the European Central Bank responding to the crisis by throwing billions at our dirtiest industries?

€1.1 trillion. That's how much the ECB will spend this year to prop up the economy. And if we don't act right now, a significant portion of that will go to coal, oil, gas and airline corporations -- steering us away from the EU's promised green recovery and straight into climate disaster.

Ahead of the bank's next meeting on June 4, we need to rally together and demand the ECB put our planet before big polluters!

Tell the European Central Bank to stop financing climate chaos!

Hundreds of thousands of SumOfUs members like you have told the EU its emergency coronavirus spending must fall in line with a fair and just climate transition. With commissioners, governments and environmental organisations all on board, our chances for a green recovery are higher than ever.

But with its secretive 'quantitative easing' system, the ECB could undo all that. It's set to finance some of Europe's biggest polluters to up to €132 billion, from Shell to Fortum -- the energy corp trying to sue the Netherlands for phasing out coal!

These corporations have already pushed our climate to the brink. Just last week Cyclone Amphan, one of the strongest storms on record, wreaked destruction across Bengal. The effects of the climate crisis are already here, and continued rising temperatures will only make such ‘super cyclones’ more likely.

With extra no-strings billions lining their pockets, imagine how many lives and lands will be crushed.

Tell the European Central Bank to stop financing climate chaos!

The pandemic has been devastating -- but our recovery from it is an unprecedented opportunity to effect lasting, meaningful change for people and the planet. At a time when even private banks are starting to distance themselves from coal, oil and gas, we can't let the ECB ruin our progress.

Now's the time to expose the bank's shameful practices, force it to cut off fossil fuels and demand it invest in the green future our world deserves. Are you with us, Vladimir?

Yes -- I'll sign the urgent petition now

 Sign the petition 

Thanks for all that you do,
Leyla and the team at SumOfUs


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SumOfUs is a community of people from around the world committed to curbing the growing power of corporations. We want to buy from, work for and invest in companies that respect the environment, treat their workers well and respect democracy. And we’re not afraid to stand up to them when they don’t.

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Sent: Thursday, May 28, 2020 10:39 AM
Subject: Green recovery: scandal behind closed doors
 
 

 

 


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