Submitted on Wednesday 3rd November 2021
Rejected on Tuesday 9th November 2021
Current status: Rejected
Rejection code: irrelevant (see below for details)
Legislate against banks continuing to invest in fossil fuels.
Legislate to oblige all banks to transition away from financing the coal, oil and gas industry by 2030.
The commitment at COP26 that financial institutions would reach net-zero by 2050 is far from enough. BankTrack has said that, in order to have only a 50% chance of limiting global heating to below 1.5 degrees, global carbon emissions must be more than halved by 2030. To be possible, banks must stop financing the fossil fuel industry in this decade. This is not happening. Banks around the world have invested over $3 trillion into fossil fuel in the past five years. The time to legislate is now.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
We can't accept your petition because the UK Government and Parliament aren't responsible for the issue you raise. The UK Government and Parliament aren't responsible for directing investments by banks.
3.145.2.184 Fri, 03 May 2024 16:22:58 +0100
