Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

Koala Kollektiv activists taking action outside the European Central Bank in Frankfurt, Germany calling for the central bank to stop funding fossil fuels and climate chaos.

Koala Kollektiv activists taking action outside the European Central Bank in Frankfurt, Germany calling for the central bank to stop funding fossil fuels and climate chaos. (Photo: Koala Kollektiv via 350.org)

Ahead of COP 26, Worldwide Mobilizations Launched to Demand Big Banks End Fossil Fuel Destruction

"The era of fossil fuels is over, and people are rallying against fossil finance and those who run it."

Andrea Germanos

Friday marked the start of a suite of coordination global actions by climate activists demanding financial institutions stop backing fossil fuel projects.

"Financial institutions who run our economies... must do their part by halting all of their funding of climate chaos."

"The era of fossil fuels is over, and people are rallying against fossil finance and those who run it," said Farzana Faruk, climate justice activist from Fridays for Future Bangladesh, and member of the Most Affected Peoples and Areas (MAPA), in a statement.

Faruk urged "decision-makers and financial institutions to seize the opportunity to speed up climate action and build healthier, more equitable societies and resilient economies" and called it "past time for rich countries and financial institutions to fund the energy transition we need fast and at scale."

The wave of actions—slated to take place in over two dozen countries—kicked off two days before the United Nations COP 26 summit in Glasgow, Scotland. Protest, rallies, and other activities are set to continue through the summit's mid-point on Nov. 6.

Among the U.S. events taking place Friday is the "Fed Up!" climate justice march and rally outside the Chicago branch of the Federal Reserve.

In London, meanwhile, activists on Friday targeted Lloyd’s of London's, where they vowed to "shed light on [the institution's] appalling environmental record, and the colonialist practices Lloyd’s wealth grew from. From the insurance of slave ships, to the insurance of climate-destroying projects that dispossess indigenous peoples of their land, Lloyd’s have blood on their hands."

Actions also took place in major cities around the world, including Sydney, Frankfurt, and Paris.

"Urgent collective action is required, especially for the most affected nations and communities," said Joseph Sikulu, 350.org Pacific managing director, in a statement. "Financial institutions who run our economies, especially banks in developed countries, must do their part by halting all of their funding of climate chaos, and directing resources to climate finance for adaptation and mitigation."

"COP 26 will be a pivotal event," he added, "and failure to deliver on its goals means bringing literal disaster not just for Pacific Islanders but for communities across the world."


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.

To 'Step Back From the Edge of Recession,' UN Urges Central Banks to Stop Rate Hikes

The UNCTAD chief warns that "the current course of action is hurting the most vulnerable, especially in developing countries, and risks tipping the world into a global recession."

Jessica Corbett ·


'Their Greed Knows No Bounds': Analysis Shows Ongoing Price Gouging by Oil Giants

"Big Oil is boasting record profits and dragging their feet to pass any lower costs onto consumers in order to keep padding investors' pockets," said Accountable.US.

Brett Wilkins ·


'Doing This for My Son': UK Climate Activist Gives Interview While Handcuffed, Hauled Off by Cops

"The government's inaction on climate change is a death sentence to us all," the Just Stop Oil protester said.

Brett Wilkins ·


'Dr. Oz Is a Puppy Killer': Fetterman Campaign Responds to Reporting on Animal Testing

"This is who Dr. Oz is: unconscionable and a danger to others," said Fetterman's wife, activist Gisele Barreto Fetterman.

Julia Conley ·


'We Must Not Stand By': Amnesty Urges State Leaders to Ban Guns Near Polling Places

"Governors and secretaries of state must do everything in their power to ensure the safety of voters and poll workers this November."

Brett Wilkins ·

Common Dreams Logo