dfcu
Your bank is failing on climate responsibility.
We know that dfcu provides loans to the fossil fuel sector. It boasts about its Foundation supporting it. And it describes oil and gas as "promising sectors to watch". Its climate commitments are inadequate as focus on low-leverage actions.
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We want to see the bank put in place a policy that it will not provide new lending to the oil and gas sector, gradually phase out existing lending, and stay playing a more active role in clean energy transition by funding renewables (utility scale and residential).
Your bank may be ignoring the Paris Agreement.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
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