[P2P-F] Fwd: DIARY NOTE: Protesters to put climate on Bank of England agenda

Tue Aug 4 12:39:27 CEST 2020

---------- Forwarded message ---------
From: Simon Youel <simon.youel at positivemoney.org.uk>
Date: Tue, Aug 4, 2020 at 3:20 PM
Subject: DIARY NOTE: Protesters to put climate on Bank of England agenda
To: <michel.bauwens at p2pfoundation.net>

OPERATIONAL NOTICE: Rally and photocall

Protesters to call for the Bank of England to put its money where its mouth
is and support a green COVID recovery

WHEN: Activists will assemble from 08:30 am on 6 August 2020

WHERE: Outside the Bank of England entrance facing the Royal Exchange
building between Threadneedle Street and Cornhill Street

WHAT: Activists will be reminding Bank of England governor Andrew Bailey of
his pledges to build a greener economy, as Britain’s central bank prepares
to release its latest Monetary Policy and Financial Stability Reports on
Thursday 6 August.

Campaigners will be wearing Andrew Bailey masks and holding speech bubbles
featuring the governor’s previous statements on climate and the opportunity
for a green recovery. A large banner will also read ‘NO ECONOMIC STABILITY
IN A CLIMATE EMERGENCY’

WHY: The Bank of England is currently supporting fossil fuel companies such
as Shell and BP through its corporate quantitative easing (QE) programme,
as well as airlines, oil and gas companies and other polluters through its
new Covid Corporate Financing Facility (CCFF).

On becoming Bank of England governor in March, Andrew Bailey said
<http://ec2-52-26-194-35.us-west-2.compute.amazonaws.com/x/d?c=8213785&l=f04c062c-7c98-40f9-bb60-dd475cc68c7a&r=3279a57d-360f-48ab-9f30-1590f307e416>
that decarbonising the Bank’s asset purchases was “perfectly sensible” and
pledged to take it forward as “a priority”. However, in April the Bank of
England published an updated list of assets it will be buying with an
additional £10bn of corporate QE, that still included climate criminals
<http://ec2-52-26-194-35.us-west-2.compute.amazonaws.com/x/d?c=8213785&l=7d36a50e-92b2-4b6f-939e-3e3baa74128d&r=3279a57d-360f-48ab-9f30-1590f307e416>
such as Shell, BP and Total.

A recent Positive Money report
<http://ec2-52-26-194-35.us-west-2.compute.amazonaws.com/x/d?c=8213785&l=6d0b9063-a8b2-4bac-8835-0498a200535a&r=3279a57d-360f-48ab-9f30-1590f307e416>
also revealed that the majority of beneficiaries of the Bank’s new CCFF
scheme have been high-carbon corporations, with airlines and oil and gas
companies receiving billions of pounds of public financial support,
prompting calls for environmental and social conditions to be attached to
these bailouts.

Andrew Bailey has responded
<http://ec2-52-26-194-35.us-west-2.compute.amazonaws.com/x/d?c=8213785&l=c6671c1c-d6be-4701-8946-478cd3d43f91&r=3279a57d-360f-48ab-9f30-1590f307e416>
to public pressure on climate to say that the Bank will turn to these
issues “when the pressure on our resources abates”. Activists will remind
Bailey that climate change is an existential threat to economic and
financial stability which action cannot be delayed on. They will hold him
to his previous words
<http://ec2-52-26-194-35.us-west-2.compute.amazonaws.com/x/d?c=8213785&l=602f15e9-1a23-4c9c-bd17-6882e223394c&r=3279a57d-360f-48ab-9f30-1590f307e416>
on the opportunity for a green recovery.

Contact: For more information, or to arrange an interview with a
spokesperson or receive a briefing, please contact Simon Youel at
simon.youel at positivemoney.org.uk or on 07817765517

-- 
*Simon Youel*
Head of Policy & Advocacy, Positive Money

T: 0207 253 3235
M: 07817765517

simon.youel at positivemoney.org
www.positivemoney.org
<http://ec2-52-26-194-35.us-west-2.compute.amazonaws.com/x/d?c=8213785&l=2726a81e-2df3-413a-99ab-92d2a76778a7&r=3279a57d-360f-48ab-9f30-1590f307e416>

*Positive Money is a company limited by guarantee registered in England and
Wales. Registered number 07253015. Registered office: 303 Davina House,
137-149 Goswell Road, London EC1V 7ET*

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