Extinction Rebellion Bank protest: Positive Money comment

Responding to Extinction Rebellion’s protest outside the Bank of England today, Fran Boait, executive director of Positive Money said:

“Extinction Rebellion are absolutely right to target a money and banking system which is driving climate collapse. British banks like Barclays and HSBC are the worst in Europe, lending over $85bn and $57bn respectively towards some of the most environmentally destructive fossil fuels in the first three years since the Paris climate agreement in 2015. At least 15% of potential CO2 emissions can be traced back to the City of London.

“The government and the Bank of England should listen to XR and use all the powers at their disposal to stop UK finance pouring even more money into fossil fuels.”

Notes 1. Positive Money campaigns for a money and banking system which supports a fair, democratic and sustainable economy. Set up in the aftermath of the financial crisis, Positive Money is a not-for-profit company funded by charitable trusts and foundations, as well as small donations from its network of over 65,000 supporters. www.positivemoney.org2. For more information or to arrange a briefing/interview with a spokesperson or for any other questions please contact Simon Youel at simon.youel@positivemoney.org.uk or on 07817765517