Action 33: Check out your bank. You may not have thought about it, but the money in your bank may be being used to finance the fossil fuel industry. “since the 2015 Paris agreement, 35 of the world’s major private banks have provided a total of $2.7 trillion in lending and underwriting to the fossil fuel industry – with fossil fuel financing increasing each year” Ethical Consumer.
The Ethical Consumer report gives details about which banks invest in what and on other ethical issues such as tax avoidance practices. This may be time to swop to a new bank.
