Writing to Your Bank
It’s extremely important to write to your bank so they know the reason you are leaving is because they fund fossil fuels. You can use the template example below if you wish. You can send your message via internet banking messaging, internet contact form or send to their customer care or complaints email address.
Template Letter
Dear (name of old bank/ CEO),
I’ve banked with (old bank) for (x) years. I have chosen to leave because you continue to finance the fossil fuel industry. In addition to the obvious ethical failings of funding an industry that is causing cataclysmic destruction, this is also financially irresponsible.
In June 2020, a group of current and former central bankers wrote about the importance of a green economic recovery, stating that it "will only happen if financial decisions, including those made by businesses, investors, banks and governments, take the climate crisis into account".
Despite the warnings of the IMF, World Bank, Bank of England and many others, you continue to invest in companies who aren’t just endangering the future of life on earth, but whose resources are set to become “stranded assets” within a matter of years.
I urge you to reconsider your position and commit to withdrawing support from fossil fuels of all kinds as soon as possible—as you must, to comply with the Paris agreement.
I look forward to a response detailing exactly when you’ll end support (financial and advisory) for coal, oil, gas, and other dirty fuels like tar sands. Please also outline your commitment to cease funding for all other destructive industries, such as any firms responsible for deforestation, or any other firms who do not have robust Paris agreement commitments.
The fossil fuel divestment movement is growing in numbers and strength. Until you listen to its demands and act with moral and financial responsibility, you’ll continue to lose customers.
Yours sincerely,
Thanks to: https://ethical.net/climate-crisis/fossil-fuel-divestment-101-a-complete-guide-to-divesting-your-money-uk/
I’ve banked with (old bank) for (x) years. I have chosen to leave because you continue to finance the fossil fuel industry. In addition to the obvious ethical failings of funding an industry that is causing cataclysmic destruction, this is also financially irresponsible.
In June 2020, a group of current and former central bankers wrote about the importance of a green economic recovery, stating that it "will only happen if financial decisions, including those made by businesses, investors, banks and governments, take the climate crisis into account".
Despite the warnings of the IMF, World Bank, Bank of England and many others, you continue to invest in companies who aren’t just endangering the future of life on earth, but whose resources are set to become “stranded assets” within a matter of years.
I urge you to reconsider your position and commit to withdrawing support from fossil fuels of all kinds as soon as possible—as you must, to comply with the Paris agreement.
I look forward to a response detailing exactly when you’ll end support (financial and advisory) for coal, oil, gas, and other dirty fuels like tar sands. Please also outline your commitment to cease funding for all other destructive industries, such as any firms responsible for deforestation, or any other firms who do not have robust Paris agreement commitments.
The fossil fuel divestment movement is growing in numbers and strength. Until you listen to its demands and act with moral and financial responsibility, you’ll continue to lose customers.
Yours sincerely,
Thanks to: https://ethical.net/climate-crisis/fossil-fuel-divestment-101-a-complete-guide-to-divesting-your-money-uk/
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