For decades high street banks have been heavily invested in fossil fuels, using your money to drive irreversible climate change and environmental destruction.
From oil, coal and gas to new polluting industries like fracking, big banks are the driving force behind these socially and environmentally disastrous industries.
In fact, the big 5 banks have £66 billion invested in fossil fuel extraction! And this isn’t just a green issue — it’s also a financial one. Either 80% of fossil fuels stay in the ground or not only will big banks lose billions writing off these “stranded assets” and herald another crisis in the process, but irreversible climate change will threaten human society as we know it. It’s that simple.
In fact, 39% of people would be unhappy if they found their bank funded fossil fuels, and more than 1 in 3 Brits want their bank to stop investing in fossil fuels altogether!
Now with Move Your Money, you have the chance to take back control of your savings and choose how they shape the world around us. We’re launching a campaign to help you give your bank a simple ultimatum: either they disclose their investments and vow to take your money out of fossil fuels, or you’ll take your money out of their accounts.
By pledging to move your money out of the big 5 and into Good Money if the banks don’t clean up their act, you are joining a growing movement of divestors that are moving their money out of the problem and into the solution. Click below to read our full report on fossil fuels, and to find out how much your bank has invested in fossil fuel extraction.