Bankrupt Climate Change is a campaign run by momentum and People & Planet to pressure Barclays Bank to stop funding the fossil fuel companies
Note that momentum is a political organisation supporting the Labour Party.
The Bankrupt Climate Change website says:
If we’re serious about preventing catastrophic warming, this means we can’t build any more fossil fuel infrastructure. Rather than digging more coal mines, drilling more oil fields and building more pipelines, we need to radically transform our energy infrastructure and build a green economy for the many.
In order to win this fight, we need to take on the banks. Although fossil fuel companies have a lot of money, they don’t have the billions of dollars needed to build their infrastructure. This is financed by banks.
One of the biggest culprits is Barclays. A new report has shown Barclays is the worst bank in Europe for financing fossil fuel projects, funding fossil fuel companies to the tune of $85bn since the Paris Agreement was signed at the end of 2015. A decade ago the banks crashed the economy. This time they’re crashing the climate. But we can stop them.