Bring in regulation
2:10pm Friday 23rd August 2013 in Letters
TO tackle climate change we need to take local action in our own lives and in our communities to reduce carbon emissions. But that’s only part of the solution.
The global fossil fuel industry is the biggest driver of climate change, and it receives billions of pounds every year from the UK finance sector. In other words, banks and pension funds are spending ordinary people’s money on making sure more and more coal, oil and gas are extracted from the earth, when what we really need is to switch urgently to renewable energy.
Banks won’t quit fossil fuels on their own. We need to demand that the government brings in regulation to prevent the banks fuelling climate change.