• Survey finds 39% of Brits concerned by currency FOSSIL iPhone 5 case fuels. That's more than the everyday users of Facebook in the UK [1]
• 36%, more than individual in 3, want banks on to divest from Fossil iPhone case fuels [2]
• Move Your Money begins 'Divest! ' campaign to put local climate change banks on notice
• Cash week (19-25 October) highlights fossil free finance options [3]
A new campaign calling for banks to give up funding fossil fuels and local climate change has been launched today times campaign group Move Your Money. 'Divest! ' comes on the back of action-packed public concern about climate improvement and fossil fuel investments.
Recently, Britain's biggest banks have produced over £66 billion in commercial loans, equities and bonds throughout coal, tar sands, fracking, oil and coal extraction. However , the recent Outstanding British Money Survey found your 39% of Brits are concerned about or even savings and investments being used to finance fossil fuels, and that more than individual in 3 (36%) want or even bank to stop investing in the campo [2].
The 'Divest! ' campaign, supported by a new Move Your report on fossil fuels System.Drawing.Bitmap banking, turns dissatisfaction into phase by enabling people to talk right to their bank about fossil electricity investment. An online letter to Uk Big Five banks, HSBC; Barclays; RBS; Lloyds and Santander traces that they each have three months, until the discontinue of January 2015, to plan to ending their support for fossil fuels otherwise customers will drop them off. Meanwhile, the group is highlighting far better banking and finance options due to less impact on the environment as part of 'Good Money' week [3].
Charlotte now Webster, Campaign Director, Move Your said:
"Fossil fuel investment is never environmentally acceptable. It is now no longer socially acceptable. It is fast becoming economically unsatisfactory too.
"As a result, the divestment movement is spreading across the globe due to investment groups like The Rockerfeller Bros recently joining religious groups, skin foundations, universities, councils and cities each and every committing to move billions of pounds the fossil fuels. This month the Institution of Glasgow pledged to divest £18 million, joining the Brit Medical Association, Oxford City Authorities and the UK's Quakers in getting off fossil fuels.
"People's everyday financial savings and investments are ultimately used by banks to fund climate improvement, something we've found the public truly don't want. 'Divest! ' is truly everyone's opportunity to tell their banking firm to clean up its act, or possibly they will walk. "
Notably, the actual survey also found that awareness of the actual Carbon Bubble, the term used to recognize the risk of fossil fuel investments has grown significantly since this time last year, in which 82% of Brits did not the actual meaning of the phrase, compared to 56% in Autumn 2014.
Move Your was established in 2012 in response to the global financial meltdown and widespread dissatisfaction of depositing culture, and helped 2 . fundamental million people to close their accounts with the Big Five banks following on from the launch of their Move Your Money Scorecard last year. 'Divest! ' follows a thriving campaign by Australian counterparts, Provide Forces, putting pressure on Hawaiian banks funding the fossil electricity industry.
To join the campaign, look at this 'Divest! ' report and put your good bank on notice to divest, go to www.moveyourmoney.org.uk.
[1] Facebook itself reveals daily users in REGARDING and UK http://in.reuters.com/article/2013/08/13/facebook-users-idINDEE97C0DC20130813
[2] Both figures taken from the One Survey & Abundance Generation, The Great Brit Money Survey, September 2014 http://docs.abundancegeneration.com/GBMoneySurvey.xlsx
[3] See the United Kingdom Renewable Investment and Finance Associaition's Cash Week, http://www.goodmoneyweek.com/
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Tags: divest, divestment, fossil energy sources, move your money, News
on Thursday, October 20th, 2014 at ten: 14 am and is filed of News, Science, Technology & Our environment.
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