Clean Up Standard Chartered Info
Clean Up Standard Chartered Info

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Standard Chartered is the UK's coal bank, a climate killer. This bank is investing billions in fossil fuel companies all for over the world. In total, with their dirty business they have channeled $24 billion into coal, oil and gas companies already since the Paris Agreement.

The SCB is one of the world’s largest coal financiers, with significant fossil financing particularly in MAPA and regarded as a critical first-mover on the global financial market. With COP26 being in the UK this year and SCB being headquartered in the UK, this is a perfect window of opportunity. With $8.5 billion this bank has provided the most financing for coal expansion since the Paris Agreement. Mainly, the investment goes into coal plants, mines, and infrastructures developers in Asia and Africa, like Indonesia and the Philippines.

Some of the companies that SCB finances and are active in Indonesia are

PLN Persero⁠

Indonesia Asahan Aluminium ⁠

Adaro Energy⁠

. In the Philippines they finance other companies like

Top Frontier Investment Holdings⁠

Aboitiz Equity Ventures⁠

and

Marubeni Corporation⁠

. They even finance a company active in Argentina called

AES⁠

. World's most aggressive coal plants expansionists. They also finance the coal mining companies Glencore and Anglo American. The companies are headquartered in Switzerland and the UK, however their business lies mainly in South Africa, Colombia and Australia. SCB also finances the Canadian company First Quantum Minerals which is currently constructing a coal power plant in Botswana. Despite almost half of the population not having access to reliable electricity, the power would be exported to South Africa. In South Africa, they finance Eskom which is operating incredibly dirty coal plants and still has massive expansion plans.

Links

Open letter by Mitzi:

https://www.bulatlat.com/2021/02/08/standard-chartered-stop-funding-our-destruction/⁠

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Open letter:

https://www.vice.com/en/article/g5bna9/standard-chartered-fridays-for-future-open-letter?utm_source=dlvr.it&utm_medium=twitter⁠

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Official website:

https://fridaysforfuture.org/cleanupstandardchartered/⁠

⁠

Share Pics:

https://drive.google.com/drive/folders/1CnTfpOXVL8UQZyBHVFpmo2LUbXAWSd9a⁠

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Share this toolkit:

http://bit.ly/SCBToolkit⁠

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Clean Up Standard Chartered InfoClean Up Standard Chartered Info

Links

Clean Up Standard Chartered Info
Clean Up Standard Chartered Info