IF WE STOP THE FLOW OF MONEY, WE CAN STOP THE FLOW OF OIL AND GAS.
Banks, asset managers and insurers are pumping billions of dollars into fossil fuels, bankrolling climate chaos, fostering environmental and social disasters, and intensifying unequal energy dependence and precarization. As of today, the global financial system perpetuates neocolonial extractivism: that is, the accumulation and concentration of wealth through the exploitation and destruction of historically colonized territories. But this does not have to be the case. We can fight for a more democratic, just and decolonial financial system.
The rules underpinning our financial system, the same rules leading to all such destruction, are set by financial regulators. Financial regulators get together in Switzerland to make decisions on our future behind our back. This happens at the Bank for International Settlements (the BIS).
The wide and loud moment of the Peoples’ Forum for Climate Justice and Financial Regulation: On Saturday afternoon, we take our message to the streets of Basel and to the door of the Bank for International Settlements (BIS).
The parade will focus on the experiences of those people who are fighting against the extraction of fossil fuels and for the preservation of their livelihoods in Uganda, Argentina, Colombia, Mexico, Peru, Senegal, the Philippines and other places and who will travel to Basel from June 22-25.
Be a part of it!