28 Nov 2019 ECB under pressure to ditch climate polluters from balance sheet
The European Central Bank should take “concrete action” to help tackle the climate crisis, more than 160 academics and civil society groups said in a letter to new ECB chief Christine Lagarde.
“Without any further delay, the ECB should commit to gradually eliminating carbon-intensive assets from its portfolios, starting with immediate divestment from coal-related assets”
Among the 164 signatories were campaign groups Greenpeace and 350.org, the charity Caritas France, former Dutch environment minister Jacqueline Cramer and Britain’s ex-Financial Services Authority chairman Adair Turner.
The public appeal comes ahead of a UN Climate Change Conference Summit to be held in Madrid from Decembre 2 to 13, 2019, amid growing alarm about global warming.
In a symbolic move, the European Parliament declared as of today November 28, 2019 “a climate and environment emergency“.
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