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Fossil Financial Regulation

Project Host
Coord. Climat Justice Sociale
Revenue
430’140.- CHF = 391’503.- £
Charity Number
Project aims
The second conference of the Peoples’ Coalition against Extractivism and for fossil fuel Financial Regulation in Colombia this March is urgent and strategic : resistances worldover will strategize, prepare for the G20 in November and support Colombian movements and government.
Project description
Peoples’ Global Coalition against Extractivism and for Financial Regulation The March conference of the Coalition in Colombia is urgent and strategic : The Colombian government’s groundbreaking positions at COP28 provoke domestic and international backlash. In reaction, the Organisation of Indigenous Peoples of Colombia (ONIC) invites to this conference which will support financial regulation of fossil fuels and mobilise for the Biodiversity COP (Colombia in October) and G20 (Brazil in November). The dynamic of the Colombian movements will inspire delegates of all continents. The Coalition attacks fossil fuel financing, organising solidarity between Southern resistances, and strategic convergences with Northern grassroots movements and fossil fuel finance NGOs. An effective tactic, since blocking financing by banks is easier than opposing projects directly. Simultaneously, the Coalition demands regulation by Central banks and international authorities (G20, etc.) discouraging such financing, since blocking projects often just displaces them. French and EU Central Banks have taken first (insufficient) steps towards such «climate risk» regulation, Democratic forces rarely challenge finance, "the elephant in the room", since democracy stops at the door of private banks, central banks claim "independence" and jargon obscures quite simple mechanisms. Society must reclaim control, lost under neoliberalism, over the fundamental common good of credit.
Contact name
Olivier de Marcellus
Phone
+41 79 342 70 25
Email
elviejo@riseup.net
Website
https://endfossil.finance/

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