I’ve got more good news this week: French Mega-bank BNP Paribas announced this that it’s cutting its funding for extreme oil and fracked gas projects in the US and Canada. While we (and our friends in France) will need to monitor the implementation and details, the news is REALLY GOOD.
Specifically: BNP Paribas will not fund new exploration, production, transportation and export projects related to Tar sands, fracked gas and the Arctic, nor the companies involved in more than 30% of their activities; The announcement includes a ban on funding Keystone XL and TransCanada, Line 3 and Enbridge, a Texas fracked gas export facility and any future gas export terminals in the Gulf; and more!
It’s a really big deal and I hope you’ll share the news in the footnotes to spread the word. But I also noticed that you haven’t signed on to our petition calling on 90+ of the biggest banks in the world to Divest from fossil fuels. Can you sign on now?
I need your signature this week because we’re already planning a big, global day of action to deliver all the signatures October 23-25. All over the world, activists will be showing up at local bank branches and demanding to know if companies like Wells Fargo, JP Morgan Chase and others will follow BNP Paribas’ lead and #DivestTheGlobe. You can sign up to host or attend an event in your town, but first — click here to sign on to our petition and tell the biggest banks to stop finding climate chaos and respect indigenous rights.
Thanks, Drew and the team
Photo by Toben Dilworth / RAN