Green New Deal Network and THRIVE Agenda letter: https://drive.google.com/file/d/1CNBsGoi2ZbRArAaX-gqYBOmt5SyViUX6/view
- Respect Human Rights and Indigenous Sovereignty:
Immediately end all support for any project or company that fails to respect human rights, including companies that are proven to be engaged in practices of systemic racism. Immediately end all support for any project or company that fails to respect Indigenous sovereignty, including Indigenous People’s right to Free, Prior and Informed Consent.
- End Fossil Fuel Expansion:
Immediately end all financing, insuring, and investing in any project or company that is engaged in expanding fossil fuel production and infrastructure, incentivizing new extraction or extending the lifetime of existing fossil fuel extractive or consuming projects.
- End Support for Coal and Tar Sands
End all financing, insuring, and investing in any project or company that is engaged in the extraction, transportation or refining of coal and tar sands oil by no later than Nov 1st, 2021.
- Clear Plans to End Support for All Fossil Fuels and Companies Driving Destruction of Natural Ecosystems by 2023:
Have a clear plan to completely end all financing, insuring, and investing in the fossil fuel industry and other companies driving deforestation and other forms of ecosystem destruction by no later than 2023.
- Zero Out All Direct and Indirect Emissions by 2040:
Have a clear, publicly available plan to reduce by at least 75% total greenhouse gas emissions, covering all direct and indirect emissions, by 2030 and to zero them out by 2040. This plan must include actionable steps to phase out financial support of any and all companies, including fossil fuel companies, that do not have a business plan that is aligned with the Paris Agreement goal of keeping global warming below 1.5°C. This plan should not rely on offsetting, geoengineering or other technologies that may result in emission reductions only on paper and may cause significant social and environmental harms.
The outcomes of COP 26 will go a long way to determining our ability to combat the climate crisis. It is vital that financial institutions do everything they can to align their business model with the Paris Agreement by no later than November 1st, 2021.