We are heading towards climate chaos. At full speed.
But, there’s a secret that the banks don't want you to know: there's actually an emergency brake.
There’s one rule that could turn fossil fuels into a highly nightmarish investment, and effectively stop the financing of new fossil fuel projects.
With this rule, every euro invested in fossil fuels must be covered by another euro in order to cover any future losses. These banking giants would have to build their own safety net rather than rely on government bailouts, or in other words, on your money.
The good news? There is a REAL chance regulators might actually do it: the European Parliament is about to vote on whether to consider fossil fuel operations as “high-risk”.
Will you help us push MEPs to change the rules on fossil fuel investments in order to rein in banks and save the planet from literally burning?
Big oil & gas is raking in historic profits from rising energy prices after having benefited from huge bailouts, at your expense. Guess who else is rubbing their hands? Banks and insurers!
Without their support, no fossil fuel projects could see the light of day. But for the sake of immediate selfish profit, they're willing to put our economies and planet at risk.
And it’s not on people, like you and me, to pay for the inevitable consequences. Banks’ and insurers’ own funds should absorb losses without exposing taxpayers and society to the losses they will inevitably incur.
By changing the rules for global banks and insurers, the European Parliament has the power to make climate-wrecking finance too expensive, and too difficult to bankroll.
The rule is already there, we simply ask MEPs to integrate fossil fuels projects in that list of “high-risk” investments. That’s why we need people like you, to join us in stepping up pressure on the MEPs now, ahead of the vote:
Tell MEPs: Not with our money! Change the rules on fossil fuel investments, to rein in the banks and to save the planet from burning.
Together with hundreds of thousands of Europeans, partner NGOs, scientists and politicians, you have been fighting for a Green Europe -- and we have come a long way.
We pushed the EU to pass stricter laws on green investments, and forced the ECB to review its dirty monetary policy investments. Today, the “One-for-One” rule can stop banks and insurers from fueling the climate crisis, and causing another financial crisis.
Let’s join forces again and push the people who are here to represent us to rein in the banks, once and for all:
Tell MEPs to adopt the “One-for-One” rule and hold banks and insurers liable for their climate mess.