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October 20, 2021
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People power wins over coal funders

People power has once again shown that it is possible to stop the world’s biggest bankrollers of climate change.

The massive online protests that you joined together with many others from different parts of the world have forced Sumitomo Mitsui Banking Corporation’s withdrawal from the Green Climate Fund (GCF), a global fund under the auspices of the UN climate pact allocated for low-emission and climate-resilient development.

Celebrate this victory by sharing the news on social media.

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At the GCF Board meeting that took place last night, it was announced that SMBC withdrew its application for accreditation with the GCF.

But our work is not finished yet.

We will continue to challenge governments and businesses to put people and planet first – to immediately stop further investments in fossil fuels and transition towards 100% renewable energy.

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