Extinction Rebellion South Africa calls for all environmentally and socially conscious people to close their accounts with Standard Bank South Africa, and move them to a bank that treats the climate and ecological crisis with the urgency it deserves. Standard Bank, Africa’s biggest lender, and Sumitomo Mitsui Banking Corporation (SMBC) of Japan are reportedly about to … [Read more...]
Calling on banks to stop funding East African oil pipeline
Standard Bank, Africa’s biggest lender, and Sumitomo Mitsui Banking Corporation (SMBC) of Japan are reportedly about to finance a 1,443-kilometer crude oil pipeline through Uganda and Tanzania. If built, the East African Crude Oil Pipeline (EACOP) would be the longest heated crude oil pipeline in the world. Extinction Rebellion SA condemns the pipeline project and will take … [Read more...]
Standard Bank tables first SA shareholder resolution on climate risk
Standard Bank’s Notice of Annual General Meeting, released on 17 April 2019, includes a resolution proposed by shareholders that would require the bank to prepare a report on its exposure to climate risk in its lending, financing and investment activities. This is the first time that a South African company has tabled a shareholder resolution on any climate-related issue. … [Read more...]
