Have a (student) bank account? Make sure that money isn't being used to destroy the planet!
No doubt, most of you will have a bank account where you keep the money you use while studying here at Fitz. However, have you ever wondered what happens with that money? Chances are it may be invested in new fossil fuel projects or other environmentally destructive ventures. Since the Paris climate agreement in 2015, banks have invested over 3.8 TRILLION DOLLARS in new fossil fuel developments, constituting “carbon bombs” which unless stopped will make it more or less impossible for the worst effects of the climate crisis to be prevented.
Fortunately, this is an area where everyone can have a meaningful impact in holding corporate polluters to account. I have attached some documents produced by The Switch Cambridge, a campaign to support Cambridge students to pull their money out of banks that invest their money in fossil fuels.
The “Why to Switch” document contains more details of the impact that individual students pulling their money out of fossil fuel-investing banks can have on a large scale, and the eye-watering sums this can move into green investment.
The “How to Switch” document takes you through the steps of how you can actually switch your bank account as well as some basic info/recommendations that will be important to you as you switch.
The “Banks Breakdown” document contains more detailed info about various banks with good or bad environmental policies (for examples, Barclays is very bad and Nationwide is very good!).
Finally, the “FAQs” document contains answers to any common questions you may have about switching.
Feel free to contact me at email@example.com or firstname.lastname@example.org if you have any more questions about switching. Alternatively, you can get in touch directly with The Switch Cambridge on Facebook, Instagram or emailing them at email@example.com.
Enjoy, and happy switching everyone!