Santander
#7 in Europe for financing fossil fuel expansion.
Your money is being used to fund the climate crisis at an alarming rate.
Santander is one of the world’s top 60 biggest funders of fossil fuels*. In the 7 years since the Paris Agreement, the banks in this category have funneled $5.5 trillion USD into coal, oil, and gas, rapidly accelerating the climate crisis.
While you’ve been saving money for a car or a weekend getaway, Santander has been using your savings to provide financial support to some very questionable fossil fuel friends.
And it's not just a little here and there; we’re talking about $51.2 billion USD in the 7 years since 197 countries agreed to drastically reduce their greenhouse gas emissions in the Paris Agreement.
Not only was Santander ranked 7th in Europe for financing the expansion of fossil fuels in 2022, but also topped the charts for financing companies extracting oil and gas in the Amazon biome.
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.
Start to Bank Green Today
Banks live and die on their reputations. Mass movements of money to fossil-free competitors puts those reputations at grave risk. By moving your money to a sustainable financial institution, you will:
Send a message to your bank that it must defund fossil fuels
Join a fast-growing movement of consumers standing up for their future
Take a critical climate action with profound effects