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For Immediate Release

Contact

Mark Raven, mark@350.org,

Press Release

Divest the Globe Mobilizations Reach Europe

"Anyone with a brain, not to mention a conscience, should put their money in a bank that actually thinks the planet has a future," says 350.org's Bill McKibben
GLOBAL -

Beginning today and lasting for three days people across Europe, from Spain to Switzerland, will take part in a series of more than 45 actions targeting financial institutions as part of a global protest known as Divest the Globe. These mobilizations are part of an ongoing indigenous-led divestment campaign, Mazaska Talks, and come as 92 of the world’s largest banks meet in Sao Paulo, Brazil to discuss risk management under the Equator Principles framework.

Many of these banks, including JP MorganChase, CitiBank, and Credit Agricole, are failing to manage environmental and societal risks by investing in risky new fossil fuel projects, like the Trans Adriatic Pipeline (TAP). Investing in new dirty energy infrastructure, like TAP, threatens to exacerbate climate impacts and create stranded assets—now people across Europe, and around the world, are taking action to push these institutions to divest.

This is just the beginning.

What: Divest the Globe global protests

When: October 23-25, 2017

Where: Locations throughout the world

Hashtags: #DivestTheGlobe #NoTAP #MazaskaTalks

Livestream: https://www.facebook.com/MazaskaTalks

Quotes from organisers and activists:

"During Divest the Globe we and FossilFree.ch will be doing actions with an indigenous delegation in Zurich, Basel, Lausanne and Geneva. The Swiss banks have to pull out of Kinder Morgan, the Dakota Access Pipeline and all new fossil fuel projects," Olivier De Marcellus,  Breakfree Geneva.

"Banks don’t need fossil fuels to make a profit but the Trans-Adriatic Pipeline, or TAP, and other unnecessary gas projects cannot go ahead without funding from banks. Organising to disrupt these flows of money is therefore one important way for the climate movement to stop new fossil fuel projects projects like TAP from going ahead," Tim Ratcliffe, senior campaigner at 350.org.

"Until these banks start investing in the future of Mother Earth, we will bring attention to the injustice they contribute to and we will continue to use divestment as a tool to help end these atrocities," Rachel Heaton, co-Founder of Mazaska Talks.

"Anyone with a brain, not to mention a conscience, should put their money in a bank that actually thinks the planet has a future, instead of one that scrambles for the shortest of short term gains at any cost," Bill McKibben, Founder of 350.org.

"Holding big banks accountable by closing accounts is addressing a root cause of outdated and dangerous fossil fuel infrastructure development and egregious human rights violations," Vanessa Green, Director of DivestInvest Individual.

###

350 is building a future that's just, prosperous, equitable and safe from the effects of the climate crisis. We're an international movement of ordinary people working to end the age of fossil fuels and build a world of community-led renewable energy for all.

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