Stop Funding Environmentally-Damaging Oil Pipelines

Target: Sergio Ermotti, CEO of UBS Group AG

Goal: Protect wildlife and indigenous peoples and divest from fossil fuel companies.

Indigenous-rights lawyers and representatives from the Indigenous Women’s Divestment Delegation are calling on major international banks in Switzerland to fight alongside them as they challenge major companies responsible for creating environmentally destructive pipelines. Many of these banks, including UBS and Credit Suisse, provide financing for these corporations, which enables them to continue building on indigenous land while threatening countless species of animals.

The women-led indigenous coalition has been joined by Klimaseniorinnen, a movement of women over the age of 65 who are currently suing the Swiss government for its inaction on climate change. Together, these two groups are part of an even larger global movement that is taking action against pipeline companies like Energy Transfer Partners, Enbridge and Kinder Morgan and the banks that support them financially. According to a recent Greenpeace report, Swiss banks like UBS provide more funding for fossil fuel companies than any other European financial institution.

By funding pipeline construction and other environmentally-damaging projects, such as tar sand extraction and deep sea oil exploration, these banks are putting the entire planet’s welfare at risk. Sign this petition to demand that UBS take a stand and divest from these companies before it is too late.

PETITION LETTER:

Dear Mr. Ermotti.

Your bank is responsible for funding some of the world’s largest pipeline construction companies and fossil fuel corporations. By lending money to these entities, you are ensuring that the environment will continue to be degraded as indigenous peoples lose their lands and global warming accelerates worldwide. Your financial institution, along with other Swiss banks like Credit Suisse, have the opportunity to take a stand by pulling out of these projects.

Oil pipeline construction, tar sand extraction and deep sea oil exploration are all examples of how short-sighted corporations are gambling with our planet’s future. Unless these companies lose their funding, it is likely that climate risks will continue to grow. That is why we are calling on you to take responsibility and divest immediately from these companies.

Sincerely,

[Your Name Here]

Photo Credit: Twicepix

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3 Comments

  1. With so many species in peril and so much opposition, why?

  2. Greedy Corrupt Corporations! All they care about is the here and now! and make as much money as possible ,Total freaking Losers!

  3. The headline – a wishful dream of the public.

    Corporations, including banks are corrupt and give a damn.

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