Banking on Climate change:
How to stop the world’s financial institutions from funding the climate crisis
The world’s banks and financial institutions are often regarded as the hidden villains of the climate crisis in that the provide the money that keeps the world’s biggest polluters in business.
All over the world, people are fighting back by forcing banks, insurance companies and pension funds to move our money away from fossil fuels. This strategy is bearing fruit, with new polluting mega-projects starting to struggle to obtain finance. Without money, the polluters cannot function.
What can we do in Northern Ireland as part of this worldwide movement? Hear from campaigners across the world and locally about how we can cut off the pipeline of money that keeps the world’s polluters in business.
Adam McGibbon (chair) is a writer and campaigner originally from Belfast. He recently led a three-year campaign that forced the British Government to end its financing of fossil fuel projects overseas and is currently the lead campaigner for Market Forces UK, an organisation tackling British banks funding the climate crisis. His writing on climate and activism has appeared in The Guardian, The Independent, The New Statesman and elsewhere.
V’cenza Cirefice is an artist, ecofeminist researcher and activist from the Mournes. She first got involved with divestment campaigning while at university in Aberdeen in 2012, she is now part of the Fossil Free NI campaign as a member of her local group Fossil Free South Down. Previously working with Young Friends of the Earth Europe, Plan International, The Women’s Earth and Climate Action Network, and Almyras environmental network in Cyprus, she is currently a PhD researcher in NUI Galway, exploring resistance to extractivism in the Sperrins.
Sophie Cowen is the Campaign Lead for SwitchIt, a campaign providing individuals with a simple, effective way to act on climate. Using SwitchIt’s online tool (www.switchit.money), individuals can find out whether their banks or energy companies are funding fossil fuels and see alternatives to switch to.
Alec Connon is the Stop the Money Pipeline Coalition Co-Coordinator. Before joining Stop the Money Pipeline, he spent six years as the Campaigns Director at 350 Seattle, where he helped run campaigns to get the City of Seattle to break ties with Wells Fargo, the Gates Foundation to divest from fossil fuels, and JPMorgan Chase to align its business model with the Paris Agreement. Alec’s first novel, The Activist, was published in 2016 and was named BBC Wildlife’s Book of the Month. He lives with his family on Duwamish land in north Seattle.
Find out more: marketforces.org.uk