(Church Times) Lord Williams calls on high-street banks to stop financing fossil fuels

A colation of Christian organisations has written an open letter to high-street banks in the UK, calling on them to stop financing new fossil-fuel extraction or risk losing their business.

The letter, published on Tuesday, is signed by the former Archbishop of Canterbury Lord Williams, the Methodist Church in Britain, the Scottish Episcopal Church, the Quakers, and several Roman Catholic religious orders. It opposes the $556 billion that Barclays, HSBC, Santander, NatWest, and Lloyds have reportedly provided to the fossil-fuel industry since the Paris Climate Agreement was signed in 2015.

Lord Williams said: “Banks are very understandably seen as institutions we need to be able to trust. What we are asking is that the main high street banks should show themselves to be fully worthy of that trust by playing their part in creating a future we can trust, a future in which our lethal dependence on fossil fuels will at last be put behind us.”

Read it all.

Posted in Corporations/Corporate Life, Ecology, England / UK, Ethics / Moral Theology, Science & Technology, The Banking System/Sector

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