*[Enwl-eng] Green recovery: scandal behind closed doors

[ENWL]

                        While the EU tries to find a green way out of the 
Covid-19 pandemic, the European Central Bank is preparing to pour billions 
of euros into dirty fossil fuel corporations.

                        We've got just 6 days to stop this.

                        Tell the ECB to stop funding the climate crisis!



                         Sign the petition


            Nobody's sure what the future will look like once the 
coronavirus pandemic ends -- but we do know that fossil fuels have no place 
in it.

            So why is the European Central Bank responding to the crisis by 
throwing billions at our dirtiest industries?

            €1.1 trillion. That's how much the ECB will spend this year to 
prop up the economy. And if we don't act right now, a significant portion of 
that will go to coal, oil, gas and airline corporations -- steering us away 
from the EU's promised green recovery and straight into climate disaster.

            Ahead of the bank's next meeting on June 4, we need to rally 
together and demand the ECB put our planet before big polluters!

            Tell the European Central Bank to stop financing climate chaos!

            Hundreds of thousands of SumOfUs members like you have told the 
EU its emergency coronavirus spending must fall in line with a fair and just 
climate transition. With commissioners, governments and environmental 
organisations all on board, our chances for a green recovery are higher than 
ever.

            But with its secretive 'quantitative easing' system, the ECB 
could undo all that. It's set to finance some of Europe's biggest polluters 
to up to €132 billion, from Shell to Fortum -- the energy corp trying to sue 
the Netherlands for phasing out coal!

            These corporations have already pushed our climate to the brink. 
Just last week Cyclone Amphan, one of the strongest storms on record, 
wreaked destruction across Bengal. The effects of the climate crisis are 
already here, and continued rising temperatures will only make such ‘super 
cyclones’ more likely.

            With extra no-strings billions lining their pockets, imagine how 
many lives and lands will be crushed.

            Tell the European Central Bank to stop financing climate chaos!

            The pandemic has been devastating -- but our recovery from it is 
an unprecedented opportunity to effect lasting, meaningful change for people 
and the planet. At a time when even private banks are starting to distance 
themselves from coal, oil and gas, we can't let the ECB ruin our progress.

            Now's the time to expose the bank's shameful practices, force it 
to cut off fossil fuels and demand it invest in the green future our world 
deserves. Are you with us, Vladimir?

            Yes -- I'll sign the urgent petition now


             Sign the petition
            Thanks for all that you do,
            Leyla and the team at SumOfUs



            More information:

            EU's COVID recovery spending should be guided by green finance 
plan: experts
            Reuters. 26 April 2020.

            Quantitative easing and climate: The ECB’s dirty secret
            Reclaim Finance. 18 May 2020.


            ECB’s Brown Bonds Draw Criticism Once Again Amid Stimulus Boost
            Bloomberg. 17 May 2020.

            USD 870 billion of Quantitative Easing: how much will go to 
polluting companies ?
            Reclaim Finance. 23 March 2020

            Coal generator uses investment treaty to fight Netherlands coal 
phaseout
            Reuters. 21 May 2020

            Amphan: Cyclone wreaks deadly havoc in India and Bangladesh
            BBC. 20 May 2020








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      From: Leyla Larbi, SumOfUs
      Sent: Thursday, May 28, 2020 10:39 AM
      Subject: Green recovery: scandal behind closed doors







 
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