*[Enwl-eng] Bank of France

[ENWL]

5 years of shame


                        The ECB gives away billions of euros to the biggest 
polluters, no environmental string attached.

                        But, one person could change everything!

                        Ask the French Governor to keep his promise by 
making the ECB a “pioneer in the fight against climate change”.

                         Sign the petition


            5 000 billion euros, no environmental string attached. The 
European Central Bank (ECB) is pumping a good chunk of this baffling sum 
into big polluters, like Shell and Total.

            But, one person could change everything: François Villeroy de 
Galhau, the governor of the French central bank. He's on the board of the 
European Central Bank and claims he wants to make it a “pioneer in the fight 
against climate change”.

            Yet, this laudable ambition seems to be nothing but lip service: 
the governor plans on waiting another "3 to 5 years" to turn his words into 
action!

            Our planet can’t wait that long. Let's drive M. Villeroy de 
Galhau to put his foot down:

            Mr Governor, do not wait 5 years to act: push the ECB to 
immediately stop supporting companies destroying the environment!

            Two months ago, SumOfUs members like you called on governor 
Villeroy de Galhau to stop investing in coal, shale oil and gas. He listened 
to us and recently adopted new drastic exclusion measures!

            While the French central bank recognizes the need to act without 
delay in France, it digs its heels in at the European level.

            This is totally inconsistent. Instead of using his influence at 
the ECB, the governor decides to… do literally nothing.

            Together, we can push him into action once again.

            Mr Governor, the Covid crisis is striking Europeans hard, and 
they refuse to also pay the price for big polluters. Don’t make them go 
through two crises at once:

            Ask the ECB to ban polluters once for all!

            More than 167 000 Europeans already called on the ECB to stop 
funding climate chaos. The French central bank has a unique opportunity to 
support your demands and uphold hopes of a fairer and more sustainable 
future.

            Call on the French central bank to put its words into actions. 
European monetary policy should support the fight against the climate crisis 
and for social progress, not stand by a system based on carbon emissions and 
inequalities.

            Mr Governor, we can’t wait any longer: urge the ECB to 
decarbonize Europe by abandoning fossil fuels!


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



            More information:

            (In French) Sortie des énergies fossiles : le sursaut de la 
Banque de France
            Reclaim Finance. 18 January 2021.

            Production Gap Report 2020
            UN Environment Programme. 2 December 2020.

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

            European Central Bank: Stop funding the climate crisis!
            SumOfUs. 1 June 2020.

            We demand central banks stop financing financial chaos
            Reclaim Finance. 1 May 2020.

            Open Letter to the European Central Bank
            350. 1 June 2020.









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to curbing the growing power of corporations. We want to buy from, work for 
and invest in companies that respect the environment, treat their workers 
well and respect democracy. And we’re not afraid to stand up to them when 
they don’t.

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                  Chip in $3



      From: Leyla Larbi, SumOfUs
      Sent: Saturday, February 06, 2021 11:19 AM
      Subject: Bank of France

 
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