Tag Archives: Big Shift

Clean up our cash

I believe this is my 100th blog post! And to mark this momentous occasion, I’m hosting guest blogger, Hannah Seekings. She’s been volunteering in the Christian Aid office I work in, and was inspired by our campaigns training session on climate change.

big-shift-eve

On the first Wednesday in February we met together to hear about “The Big Shift Campaign” from Luke Harman who is part of Christian Aid campaigns team.

The evening started by discussing all the success that we have achieved together so far. Christian Aid is part of a movement which has been advocating for change to be made to help stop global warming getting worse and slow the effects of climate change. Together we have made an impact. The UK government announced that by 2025 it would phase out the use of coal-fired power stations. We also witnessed the historic signing of the Paris Agreement in 2015 where countries from across the world came together and agreed to limit the global temperature rise to only 2°C above pre-industrial levels. Furthermore, Luke mentioned how the UK and its actions have been mentioned in the Washington Post, showing that the UK is a real influencer and leading the way for a change in how we approach the response to climate change. There is such a great momentum for this issue and therefore we should be encouraged and keep pursuing change.

The next section of the evening we talked about the effects of climate change and how we can prevent the financing of the fossil fuel industries. We watched an insightful short video, which I’d encourage you to watch.

As many of you know, the climate is changing and this is greatly influenced by the burning of fossil fuels in industrialised countries. We believe that we must act in order to protect our planet. There should be a shift from industires such as coal, oil and gas to renewable energy sources such as wind farms and solar panels and move towards a zero-carbon world. However, to achieve this we need a Big Shift in the way our economy works. Money is a key factor in influencing whether we lock ourselves into more fossil fuel dependence or build a better world that we know is possible. The UK is a global financial hub. Shifting finance in the UK can create a huge momentum for global change.

“We all want to save for a rainy day but what happens if we are fuelling the storm”

The money that we keep in our banks in the UK collectively is trillions of pounds and is invested into a wide range of things. This includes investing in coal plants and subsiding fossil fuels. Christian Aid has written a detailed report about this titled which you can read here. It summarises why Christian Aid feels that asking banks to take responsibility is a good idea. It looks at individual banks, their policies on the environment and their strategies to help phase out the funding of fossil fuels.

High Street banks and pension fund managers rely on our customers to make a profit. We need to make sure that they use our money in a way that which helps create and sustain a low carbon economy. We need to do this as soon as possible.

Many banks, corporations and companies signed up to the “Paris Pledge for Action”. This is an outward sign that they support the objectives of the Paris Agreement and will actively help to achieve this.

Christian Aid wants to know what steps the banks are taking to achieve their Paris Pledge. Many banks are still financing the building of coal power stations which lock countries into a high carbon infrastructure. Furthermore, they are still financing oil and gas companies much more than they are renewable sources. To add to all this, many banks are reluctant to set up measurable targets to phase out support for fossil fuels. Christian Aid has focused on 4 major banks; Barclays, HSBS, Lloyds Banking Group and RBS, who we have researched and don’t think are doing enough to commit to helping reduce global temperatures.

So. What next? What can we do about this?

Luke laid out 3 easy steps that we can do to campaign as a response to this knowledge:

Step 1: Spread the word – strike up a conversation with your friends, neighbours, colleagues, people in your church about what they think about climate change. Give them a campaigns pack and invite them to explore this issue some more. Explain to them why this issue it matters and why you want to do something about it.

Step 2: Ask people to take action – invite them to come to your next campaigns evening, ask them to join you in writing a letter to your MP, be bold and encourage them to get on board with you!

Step 3: Take it to the banks – go down into your local branch and ask to speak to the manager and ask questions about their environmental policies and how they plan to phase out investments in fossil fuels, alternatively go in with a letter in hand addressed to the manager with this information. Even better, ask a few people to come with you.

We have lots of resources to help you contact our banks and keep them accountable. Be that writing a letter, or going into your local branch. What these banks do with private finances is the public’s business. Are they helping to preserve God’s creation?! Are they doing enough to reduce climate change?

Find out more here. If you are inspired to campaign to help clean up our cash and help reduce climate change then email campaigns@christian-aid.org and they can send over relevant resources and information to help you help the world.