It's time to Breakup with Banks Funding Fossil Fuel Industry so, if your bank supports the fossil fuel industry then tell them you don't like what they're doing and you're going to move to a more sustainable bank that cares about you, your community and the planet.
Banks that fund the fossil fuel industry are actively causing climate chaos
Banks can finance fossil fuels in a variety of ways:
Take Action Right Now because taking action really works!
Banks that finance fossil fuels
The chart below shows banks operating in the UK finance fossil fuels industry, and how they fared inassessment of their environmental policies.
If your bank isn't in the list above look for it below under one of the larger bank names
When writing to your bank that funds fossil fuels, use the following info for posted letters and social media mentions. (See the sample letter in the next section)
BARCLAYS BANK
For the attention of:Barclays CEO, C. S. Venkatakrishnan
- @Barclays
- https://x.com/BarclaysUKHelp
- Send them a message from the ‘Contact us’ section of your Barclays app.
- Freepost Barclays Customer Relations - You don’t need to include a postcode or add a stamp for your letter to reach us, but please remember to take the postal service into account for our response time.
HSBC
For the attention of:HSBC CEO, Noel Quinn
- Mail by post to: HSBC Customer Service Centre, BX8 1HB
@HSBC_UK
LLOYDS
For the attention of:Lloyds CEO, Charlie Nunn
- 25 Gresham Street, London EC2V 7H
https://x.com/LloydsBank/ @LloydsBank
NATWEST
For the attention of:NatWest CEO, Paul Thwaite
- 250 Bishopsgate, London, EC2M 4AA
@NatWestGroup
JP MORGAN
For the attention of:JP Morgan Chase CEO Jamie Dimon
- CEO Jamie Dimon
https://www.instagram.com/jpmorgan
@jpmorgan
SANTANDER
For the attention of:Santander Group CEO, Hector Grisi
and
For the attention of:Santander UK CEO Mike Regnier.
- Customer Relations. Santander Consumer Finance. Santander House, 86 Station Road, Redhill, Surrey RH1 1SR.
@santanderuk
Sample Letter to CEO's:
Fill this in to send to your bank telling them you want them to stop funding the fossil fuel industry NOW!
For the attention of (input the name of your bank's CEO from the abovelist)
Dear Mr.(the name of your bank's CEO),
I am writing to you to register my deep concern at your financing of fossil fuel industry.
I appreciate the service you have provided me but your operations are at odds with my own values and mission. We are facing a climate emergency so I am choosing to only use the service of companies that make this a better world.
Since 2016, you have financed the fossil fuel sector that is driving the climate crisis with $145bn. You have provided $55bn of financing for the top 100 key oil, gas, and coal companies expanding fossil fuels in the same time frame. Any financing of fossil fuel expansion will derail any chance the planet has of achieving the 1.5C target.
Not only must we stop burning fossil fuels, we must also scale up investments in renewables. However, your Energy Supply Banking Ratio – according to BloombergNEF – is well below what is needed, at 1.2:1 for 2022.
I acknowledge the steps you have taken so far in updating your policies – including the exclusion of direct financing for new oil and gas fields, and infrastructure whose primary use is in conjunction with new fields. However, your policies still allow you to provide general entity level finance to fossil fuel expanders, and your assessment of client transition plans needs to be tougher. There is much evidence from credible sources, such as Carbon Tracker and the Transition Pathway Initiative, showing that oil and gas majors are not aligned to global temperature goals. We must transition away from fossil fuels as agreed at COP28.
We are asking that you:
1. Put clients on notice that they must stop expansion activity - HSBC should publicly serve notice to existing clients that are involved in fossil fuel expansion activity that they will cease to provide any new finance to them unless they stop expansion. (ENTER YOUR BANK's NAME) must outline robust escalation routes if clients do not act. This must cover all forms of finance, including general corporate finance, and capital markets underwriting. (ENTER YOUR BANK's NAME) should not provide any kind of finance to potential new clients which are involved in fossil fuel expansion.
2. Exit relationships - If existing clients do not act to stop fossil fuel expansion, HSBC should implement their escalation/exit strategies.
3. Commit to significantly scaling up climate solutions finance, targeting at least a 6:1 energy supply financing ratio by 2030 for low-carbon compared to fossil fuels.
We hope to continue engaging with you and may look to take action in the future if you continue to finance fossil fuel expansion. This may include but is not limited to moving our accounts, in part or in whole; removing any benefits or promotions you receive from us; or voting against you at your AGM.]
We know this is a growing issue on which well-known institutions have already taken action, and we may collaborate with partners where appropriate to drive action.
As a client [and a shareholder] we wish to meet with you to discuss this further. Please let us know your availability.
Yours faithfully,