*[Enwl-eng] let’s get ICBC to go clean!

[ENWLine]

coal financing.

Hi,

Following the momentous pledge of China¹ two weeks ago saying that it will stop building and financing coal plant projects overseas, here’s another good news that you need to know.

The Go Clean ICBC coalition² – a global network of civil society organizations and concerned individuals opposing the Industrial and Commercial Bank of China’s (ICBC) coal finance – with an amazingly renewed energy from people power around the world, ramps up its work to stop all of ICBC’s coal investments.

As such, we’d like to invite you to join yet another historic fight against fossil fuel finance. Are you in?

Yes, count me in

ICBC is the world’s biggest bank, and it’s also the biggest in financing massive coal power projects in Africa and Asia. In just two years – from October 2018 to October 2020 – ICBC channelled US$40 billion to the coal industry.

If ICBC’s coal financing continues, these projects will destroy fragile ecosystems, cause societal harm to communities, and contribute to millions of premature deaths caused by air pollution.

We must ensure that banks like ICBC cannot push forward dirty and unsustainable energy plans. ICBC must live up to its pledge³ to double its renewable energy investment overseas with a clear roadmap and timetable for coal phase-out.

For ICBC to honour its public commitments and harness its potential to become a climate leader, it needs to immediately stop all its financing to dangerous coal.

Now, as we wait for ICBC to declare alignment with the Chinese government’s pledge, let’s continue building power and pushing ICBC to be on the right side of history.

Join the growing movement demanding ICBC to make a clean break from coal.

Onwards,

Jenny on behalf of the Go Clean ICBC coalition

References
1] China’s coal declaration is a win for the climate movement
2] Go Clean ICBC global coalition
3] ICBC Chief Economist, Zhou Yueqiu announcing to double the balance of renewable energy investment and financing at the end of 2030

---

350.org is building a global climate movement. You can connect with us on Facebook, follow us on Twitter, and become a sustaining donor to keep this movement strong and growing.

 

From: Jenny Tuazon - 350.org

Sent: Thursday, October 14, 2021 9:12 AM

Subject: Vladimir, let’s get ICBC to go clean!

---

------------- *  ENWL  * ------------
Ecological North West Line * St. Petersburg, Russia
Independent Environmental Net Service
Russian: ENWL (North West), ENWL-inf (FSU), ENWL-misc (any topics)
English: ENWL-eng (world information)
Send information to en...@lew.spb.org, enwl...@lew.spb.org, en...@lew.spb.org, en...@lew.spb.org
Subscription,Moderator:vf...@lew.spb.org
Archive: http://groups.google.com/group/enwl/
New digests see on https://ecodelo.org
Additionally: http://www.enwl.net.ru/
 (C) Please refer to exclusive articles of ENWL
-------------------------------------