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University of York to change banks from HSBC (as they invest heavily in the tar sands) to the Co-Operative Bank

University of York to change banks from HSBC (as they invest heavily in the tar sands) to the Co-Operative Bank

87 signatures 13 to reach 100
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Started by Anonymous 14 years, 8 months ago
The Alberta tar sands is an oil operation in Canada which is the most destructive industrial project on the planet and violates human and indigenous rights every day. Unknowingly institutions and individuals can be supporting and funding the tar sands activities. For instance, most banks fund tar sands projects, apart from the Co-Operative Bank, which is a good incentive to switch. From 2007-2009, to companies that have an ownership stake in existing tar sands projects and projects under development or own, operate or are developing pipelines primarily being used to transport tar sands products, HSBC gave over 600 million in loans and over 8 billion in corporate debt underwriting. The University banks with HSBC, one of the major funders of the tar sands, we have approached them on the idea of switching banks and they were very prompt in response until they found out why we wanted to speak to someone and then ignored further emails from us, and told us that 'The University does not currently have any plans to change its bankers'. We think this at least deserves an explanation, sign the petition to make our voices heard with the University authorities!

Updates

December 3, 2011

I am honestly overwhelmed by how quickly this has grown. It never occurred to me that so many people would care about this issue and it is truly because of your dedication that we are reaching so many eyes.

6 Comments

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James Porter
14 years ago Featured

Absolute joke that they wont even talk about it. switch the bank already.

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Mark McKenzie
14 years ago Featured

Its 2016 get with the times. Tar sands are killing the planet and we are paying for it with tuition fees.

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Sarah Navarro
14 years ago Featured

York needs to be doing better than this. Stop putting our money into such destructive projects.

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Chloe Reyes
14 years ago Featured

ethical banking is not that hard. if the coop can do it why cant hsbc? pull our funding out now

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Emma Gupta
14 years ago Featured

So disappointing that the uni is ignoring emails. stop funding this mess.

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Tom Lin
14 years ago Featured

Do the right thing and move the money. clean energy is the future not tar sands.

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