Discover and read the best of Twitter Threads about #defundclimatechaos

Most recents (7)

BREAKING: @HSBC just announced that it will stop financing any new oil and gas fields! This is HUGE.

Now @RBC should follow its lead, stop financing fossil fuels, and #DefundClimateChaos 🧵 Image
@HSBC @RBC @decolonialsol @350Canada @CANRacCanada @leadnowca @GreenpeaceCA @Tzeporah @Indigenous_ca @ecojustice_ca @Gidimten HSBC is the first of the major global banks to announce this phaseout. Now, all the other banks can see that it's possible to choose to stop funding new fossil fuel fields.

There's no excuse for other major fossil fuel financiers like @RBC
It's not a shock that HSBC exempted HSBC Canada from this new policy – because it's being purchased by RBC.

Instead of trying to halt progress, @RBC can do the right thing and stop financing new oil and gas fields too.

HSBC proved it's possible, it's time for RBC to do it.
Read 6 tweets
Today, at the annual meeting of @Chase more than $37.9 billion worth of investment capital demanded that the bank stop funding fossil fuel expansion. 🧵 Image
1/ $37.9 billion saying “No more fossil fuel expansion” to @Chase matters. Here’s why:

JPMorgan Chase is the world’s largest funder of fossil fuel expansion, providing nearly $16 billion to finance new coal, oil & gas operations in 2021.
@Chase 2/ Without that funding fossil fuel companies can’t afford to build new tar sands pipelines, fracking wells, or coal plants.

And that matters a whole lot.
Read 9 tweets
Today, May 17th, youth organizers with many groups and grassroots organizers are gathering outside @jpmorgan @Chase’s NYC headquarters during their annual general meeting.
#StoptheMoneyPipeline #DefundClimateChaos
@FutureCoalition ImageImage
The world is burning, and @jpmorgan @Chase is throwing fuel on the fire – $382 BILLION SINCE 2016.

Communities are urgently calling to keep fossil fuels in the ground.

Yet megabanks like Chase are choosing to fund + enable new fossil fuel projects and human rights abuses! ImageImage
We’re LIVE outside @jpmorgan @Chase’s AGM!
WATCH: fb.watch/d3p2qdHis4/ Image
Read 6 tweets
BREAKING: ABBA FLASH MOB DISRUPTS OILY @HSBC_UK CHAIRMAN'S SPEECH

#DefundClimateChaos #MoneyRebellion #NetZeroBanking
🎶 Money, money, money,
🎶 It’s so scummy
🎶 In HSBC’s world

While the #ClimateCrisis escalates, @HSBC continues to pour fuel on the fire. Their post-Paris #FossilFuel financing now exceeds $130 BILLION

📚 ran.org/wp-content/upl…
These filthy bankers are Europe’s biggest financier of #FossilFuel expansion. Since the #ParisAgreement @HSBC has INCREASED financing of

📈 Coal
📈 Tar sands oil
📈 Arctic drilling
📈 Offshore oil & gas
📈 Fracking

Read 8 tweets
At #COP26 today, Urgewald & partners launched the “Global Oil & Gas Exit List” (#GOGEL). It covers ~95% of global oil & gas production:

🌎The industry is on a reckless expansion course with dirtiest production forms making up 50% of new projects.

Visit gogel.org🧵
506 upstream oil & gas producers are planning to add 190 billion barrels of oil equivalent (bboe) to their production portfolios within the next 1 to 7 years.

14 companies are responsible for over half of this enormous expansion. #GOGEL #COP26

Here are the Top5:
New fossil fuel infrastructure is a major danger to the Paris goals as they lock us into a high emissions pathway for decades to come.

There are currently 211,849 km of oil & gas pipelines under development. They would reach halfway to the moon or > 5x around Earth. #GOGEL
Read 7 tweets
Curious about the rise of asset manager capitalism and how it's impacting the U.S. infrastructure deal and climate policy? @KateAronoff's latest piece breaks it down clearly – and the implications are not good for our climate. newrepublic.com/article/163147…
.@blackrock has investments in every. single. sector. This means it wants to lower its exposure to climate risks but wants the people to do all the work.

“Ask not what BlackRock can do for climate policy. Ask what climate policy can do for BlackRock,” writes @KateAronoff.
.@blackrock is pioneering a model to make the public carry the burden of climate finance by asking the World Bank and IMF to “essentially transform into insurance companies” to protect private investment into green energy, but also for existing investments in fossil fuels.
Read 6 tweets

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