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breaking up with my bank

breaking up with my bank

In an attempt to disrupt the flow of carbon into the atmosphere, I will be disrupting the flow of my money to coal, oil and gas. Like many others, I have switched to a plant-based diet, carry a keep cup and drink bottle and get heated about environmental issues. However, neither my bank nor my super account aligns with my environmental values. The concept of divesting is simple. Without our money, banks cannot keep funding the companies that pollute for profit. I would like to put my money where my mouth is, as the money that you deposit in a bank may be financing projects that fuel the climate crisis. In the last five years since the signing of the Paris Agreement, 35 of the world's leading banks have invested more than US$2.7 trillion in fossil fuel investments and have made over $16.6 billion in profits. Moving my money away from fossil fuels is one of the most powerful and easiest actions that I can take to leave behind the unviable trend of coal. This one step of divestment is proof that small acts, when multiplied by millions of people, can transform the world. Finally, I would like to use my social media platforms, such as Instagram, to blog about environmental activism. I pledge to use my following to spend more time talking about climate change as there is far too little discussion around the issue in the public sphere. Ultimately, we know that a rapid transformation of our world is possible - evident in how fast corporations, communities and governments have acted throughout this pandemic. Notably, the recent 2021 Sustainable Development Report by the United Nations revealed that the COVID-19 pandemic is a setback for sustainable development everywhere. For the first time since the adoption of the SDGs in 2015, the global average SDG Index score for 2020 has decreased from the previous year. Now more than ever, we must take simple and powerful steps towards healing our one planet.