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New study reveals: Credit Suisse and UBS are financing coal, oil and gas on a large scale Greenpeace Switzerland

New study reveals: Credit Suisse and UBS are financing coal, oil and gas on a large scale

New study by Greenpeace reveals: The big banks Credit Suisse and UBS are still financing coal, oil and gas on a large scale. The T…

New study by Greenpeace reveals: The big banks Credit Suisse and UBS are still financing coal, oil and gas on a large scale. The greenhouse gases that are produced when this quantity is burned worldwide exceed the greenhouse gases that are emitted within Switzerland. The banks are jointly responsible for these greenhouse gases.
The banks say that climate protection is important to them and that they want to help fossil companies to become climate-friendly. But: Very few of the companies examined have a climate protection plan. Many of the companies even do lobbying against climate protection.
Particularly striking: the banks even finance companies that want to expand the promotion of extremely climate-damaging fuels.
This is despite the fact that more reserves are already known than could ever be burned.
This proves that banks' own guidelines on climate protection are of little use.
That is why politicians and authorities must now give banks clear guidelines:
Immediate exit from the financing of extremely climate-damaging fuels
And gradual exit from the financing of all fossil fuels.
Because: A sustainable economy is possible if we replace coal, oil and gas as quickly as possible with renewable energies from wind and sun.

Our appeal to the banks: finance the solution, not the problem!
Whole report: https://bit.ly/2B7km6P

#CarbonFreeSwissBanks

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Written by Option

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