Heavy smoke cloaks their lungs and brings tears to their eyes. Painful screams fill the air as countless rainforest animals flee for their lives.
The Amazon is burning.
But while you and I watch in horror, the world’s largest investment firm Blackrock makes millions from the companies responsible for the Amazon fires.
The worst part? BlackRock sells this off to people like you and me as a “green investment”.
The good news is: EU-leaders pledged to set an end to this practice of greenwashing earth-destroying investments. However, financial lobbyists are doing everything right now to postpone and water done any regulations.
But with public pressure mounting during last month’s worldwide climate strike, and final talks about to start, now’s our moment to push EU-leaders to stick to their promise and wipe out finance greenwashing, before it wipes out the Amazon!
More money than the US, Germany, UK, France and Spain make in a year combined are currently invested in so-called “green funds” -- but many of these funds are anything but green. Money-hungry investors label companies like big-polluter ExxonMobile as “green”.
To put an end to this greenwashing, the EU has adopted the “EU Action Plan”. As a first step, the EU will set clear and strict ecological criteria for “green investments” - banning all other financial products from being labeled as “green”.
After years of preparation, the first part of this plan is about to become a law. It will be the first law on this scale in history to ban finance greenwashing. If we get this right, countries around the world will follow suit. But huge financial institutions are already lobbying EU-leaders to substantially softening the law. EU leaders are now considering loopholes for nuclear power and even postponing the law.
Together, we’ve taken on corporate power all over the world. We collected hundreds of thousand signatures and stopped Nestlé sucking up water from rivers and springs across North America. We fought Bayer & Co’s favourite bee-killing pesticides around the globe. And just last month, millions of ordinary people - like you and me - took their protest to the streets during climate strikes, demanding that governments ensure that companies stop plundering our planet for profit! Let’s use this opportunity and force the financial industry to end their greenwashing.
Tell EU-leaders to stick to their promise and stop greedy finance corporations destroying our planet!
More information
EU Action Plan
European Commission. 10 October 2019.
European Commission. 10 October 2019.
As Amazon burns BlackRock emerges as world’s largest investor in deforestation
DownToEarth. 31 August 2019.
DownToEarth. 31 August 2019.