Re: Positive Money: Bank of England bailing out 'climate criminals and bad bosses' Archived Message
Posted by Ian M on June 5, 2020, 6:24 pm, in reply to "Positive Money: Bank of England bailing out 'climate criminals and bad bosses'"
Heard via XR who comment: ***** https://rebellion.earth/2020/06/05/extinction-rebellion-response-to-bank-of-england-announcement-on-emergency-funding/ Extinction Rebellion response to Bank of England announcement on emergency funding June 05, 2020 by Extinction Rebellion Email: press@risingup.org.uk Phone: +447561098449 Facebook | Instagram | Twitter | Media Assets #NoGoingBack #ExtinctionRebellion #ActNow Stay alert – the bailouts are coming.… The Bank of England’s announcement yesterday came quietly and to many unnoticed. Airlines, chemical companies, fast fashion and car manufacturers are among the largest recipients to be approved emergency funding so far, the likes of which have – until yesterday – been taking place away from public view.[1][2] By doubling down on carbon intensive industry as the cornerstones of our economy, the Bank of England and Government are squandering the resources needed to fund an urgently needed green transition for the UK economy that protects industry workers. These choices put our most vulnerable in society at risk right now while offloading the debt onto younger generations. Although devastating, the news should come as no surprise. It is clear the Government only listens to expert advice when it’s convenient. Donnachadh McCarthy of Extinction Rebellion said, “The Covid-19 crisis threatens 1% of humanity and we are rightly taking unprecedented action to protect our elderly and vulnerable. But the climate and ecological emergencies threaten the future of all humanity and what is left of nature. Thus, the climate and ecological effort required needs to be an order of magnitude even greater than what we are doing to protect humanity from coronavirus. “It essential that the Bank of England’s Covid-19 economic recovery plan puts the protection of future generations at its core.“ The Bank of England’s list is a desperate attempt to reinforce the scaffolding of a toxic system not designed to hold us. The Government would have us believe that these debt fuelled, tax evading monoliths of environmental destruction are key to our economic recovery, but the very need for bailouts highlights the flaws in the free market growth principles they are built on. Any assistance must be tied to the democratic interest in the short and long term, which unquestionably means fairly and urgently addressing the climate and ecological emergency. We stand at a major turning point in human history. We are facing what is likely to be our last chance to tackle the climate and ecological emergency. But we are also facing our last real chance to build a resilient and future-facing economy. It’s time to ask the Government a serious question: Who do you choose? People of profit? Nature or unlimited growth? Nurses or wealth? Life or death? #NoGoingBack It turns out out we’re not alone. Here’s what others have to say on the matter: Prime Minister, Boris Johnson: https://twitter.com/BorisJohnson/status/1268843310162022402 Positive Money: https://twitter.com/PositiveMoneyUK/status/1268556406036344832?s=20 Greenpeace UK: https://twitter.com/GreenpeaceUK/status/1268485536504844288?s=20 Zac Goldsmith, MP: https://twitter.com/ZacGoldsmith/status/1268830535088037888?s=20 Caroline Lucas: https://twitter.com/CarolineLucas/status/1268828889301823488?s=20 Prince Charles: https://www.theguardian.com/uk-news/2020/jun/03/pandemic-is-chance-to-reset-global-economy-says-prince-charles Triodos Bank UK: https://twitter.com/CarolineLucas/status/1268828889301823488?s=20 Jonathan Bartley (Green Party leader): https://twitter.com/jon_bartley/status/1268586197888221184 Katie Kedward (Economist at UCL Institute for Innovation and Public Purpose): https://twitter.com/katie_kedward/status/1268558880566542343 Greenpeace EU: https://twitter.com/GreenpeaceEU/status/1268801928475086851 Over 40 million Health Professionals Urge G20 Leaders to Put Public Health at the Core of Covid-19 Recovery: https://healthyrecovery.net/ Notes to Editors: [1] https://www.bankofengland.co.uk/markets/bank-of-england-market-operations-guide/results-and-usage-data [2] https://positivemoney.org/2020/05/press-release-govt-and-boe-comes-clean-on-corporate-bailouts/ [3] https://www.theccc.org.uk/2020/05/06/take-urgent-action-on-six-key-principles-for-a-resilient-recovery/
|
|