Clean up Standard Chartered
Fridays for Future fights against Standard Chartered Bank’s abuse of environmental and human rights by providing finance to fossil fuel expansion. As a movement, FFF rises up to stop SCB from financing fossil fuel companies immediately.
What is this about?
A key driver of the climate crisis is the global financial system which continues to invest, lend and direct capital flows to new fossil fuel exploration and infrastructure. As 1.2°C of global warming is already the hell for most countries, it is time to end this dirty business. Fridays for Future make sure of that.
Who is SCB?
Standard Chartered is the UK’s coal bank, a climate killer. This bank is investing billions in fossil fuel companies all over the world. In total, with their dirty business they have channelled $24 billion into coal, oil and gas companies already since the Paris Agreement.
The SCB is one of the world’s largest coal financers, with significant fossil financing particularly in MAPA and regarded as a critical first-mover on the global financial market. With COP26 being in the UK this year and SCB being headquartered in the UK, this is a perfect opportunity to remind them to raise their standards. With $8.5 billion this bank is one of the largest financiers of coal expansionists since the Paris Agreement. Mainly, the investment goes into coal plants, mines, and infrastructures developers in Asia and Africa, like Indonesia and the Philippines.
Some of the companies that SCB finances and are active in Indonesia are PLN Persero, Indonesia Asahan Aluminium , Adaro Energy. In the Philippines they finance other companies like Top Frontier Investment Holdings, Aboitiz Equity Ventures and Marubeni Corporation. They even finance a company active in Argentina called AES. The world’s most aggressive coal plants expansionists. They also finance the coal mining companies Glencore and Anglo American.
The companies are headquartered in Switzerland and the UK, however their business lies mainly in South Africa, Colombia and Australia. SCB also finances the Canadian company First Quantum Minerals which is currently constructing a coal power plant in Botswana. Despite almost half of the population not having access to reliable electricity, the power would be exported to South Africa. In South Africa, they finance Eskom which is operating incredibly dirty coal plants and still has massive expansion plans.
What can I do?
Organise with us:
- Share the open letters:
- Share this news with your country FFF chapter (and translate the presentation).
- Develop your own ideas and share in your group!
- Join the telegam channel for updates.
- Add and find people who have SCB offices in their country.
- Join the digital and physical actions!
- Organize actions targeting SCB as one of your targets for the Global Climate Strike on March 19th #NoMoreEmptyPromises.
- This can be in front of SCB offices.
- It can also be in public places where people will see even if there’s no SCB office in your country.
- Our official hashtags: #CleanUpStandardChartered & #RaiseYourStandards
- Participate on the Tweet and social media storm.
- Write your own open letter in national media.
All ready to go!.
Standard Chartered Bank is fuelling the climate crisis 🔥 While they pretend to be decarbonising in their greenwashing advertisements, they are investing billions in fossil fuel projects all around the world. Since the Paris Agreement, they have channelled $24 billion into coal, oil and gas companies #CleanUpStandardChartered #RaiseYourStandards
@stanchart pretends to be committed with sustainability, yet it is the world’s largest coal financer since the Paris Agreement. We won’t accept #NoMoreEmptyPromises. It is time to end their dirty business. Join us to demand #CleanUpStandardChartered ‼️and keep an eye on ➡️ www.FridaysForFuture.org/CleanUpStandardChartered
(Notice: use at your own risk.)
.@StanChart (Standard Chartered bank) has provided $24 billion to fossil fuels since the Paris Agreement - yet they claim they believe money can be a force for good. You can’t have it both ways. Stop lying to the public. We see through it. https://fridaysforfuture.org/cleanupstandardchartered
The global financial system continues to direct capital flows to new fossil fuel exploration &infrastructure which drives the climate crisis. It is time to end this dirty business @StanChart learn more at https://fridaysforfuture.org/cleanupstandardchartered
.@StanChart In your latest ad you feature various fauna prancing around in pristine nature, then at the same time finance numerous fossil fuel companies. We know what greenwashing looks like and we’re not here for it. Take actions with us at https://fridaysforfuture.org/cleanupstandardchartered
The MAPA regions are the least prepared to face the crisis that you’re fuelling, @StanChart, progress doesn’t have to cost our planet, but neither our people’s lives! Take actions with us at https://fridaysforfuture.org/cleanupstandardchartered
“We’ve committed 75 billion dollars to funding sustainable projects” LOL Surely you know that the climate doesn’t work that way. You can never undo the evils you have committed, but you can stop. We won’t give up until you do. Take action with us at https://fridaysforfuture.org/cleanupstandardchartered