Société Générale must divest from fossil fuels, starting by immediately ending its support to the Alpha Coal mining project in Australia.


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Igniption 2014-07-22 14:58:53 United States
Michael Heap 2014-07-22 12:10:55 Australia
Igniption 2014-07-13 00:51:06 United States
Max Bourke AM 2014-07-10 08:35:28 United States
Glyn Mather 2014-07-08 03:04:05 Australia
Yanina Silva 2014-07-01 06:26:45 Australia
Martin Male 2014-06-30 04:14:36 Australia
Steven Watkins 2014-06-30 03:14:00 Australia
Nina Parfinenko 2014-06-20 22:29:44 Australia
Jenny Keller 2014-06-18 21:49:22 Switzerland
Maryke Downing 2014-06-18 15:42:48 Australia
Brian McGeown 2014-06-18 01:00:35 Australia
David Brown 2014-06-17 22:15:01 Australia
Sara Giambruno 2014-06-16 11:41:54 Australia
Alexander Hromas Hromas 2014-06-15 05:55:04 Australia
Alexander Hromas Hromas 2014-06-15 05:22:34 Australia
Morice 2014-06-14 20:48:09 France
Andrew styan 2014-06-14 08:34:28 Australia
Grant Turbill 2014-06-13 00:25:45 Australia
Rode R.A.G.E. (Ride Against Greenhouse Emissions) 2014-06-13 00:10:34 Australia
Tony Davidson 2014-06-13 00:09:54 Australia
Robyn Sheehan 2014-06-12 23:07:13 Australia
Piotr Trzaskowski 2014-06-12 15:43:04 Poland
Dr Elisabeth Wynne 2014-06-12 10:13:19 Australia
Heath Borton 2014-06-12 04:10:12 Australia
Lesley Burnett 2014-06-11 10:42:48 Australia
Lyndel Robinson 2014-06-11 10:41:25 Australia
Paul Stephenson 2014-06-11 01:59:25 Australia
Ben 2014-06-10 11:13:42 Australia
Angeline Hayst 2014-06-09 08:56:51 Australia
Michael Dowling 2014-06-09 04:06:30 Australia
Diana Unger 2014-06-08 06:37:14 Australia
L Jubelin 2014-06-07 19:33:37 France
Lorraine Rogers 2014-06-06 09:42:35 Australia
Lorraine Rogers 2014-06-06 00:44:55 Australia
Gillian Stroud 2014-06-05 14:32:55 Australia
Philip Anything 2014-06-05 14:31:41 Australia
Jim Adamthwaite 2014-06-05 07:28:08 Australia
Kate McLaren 2014-06-04 11:44:41 Australia
Susan Davy 2014-06-04 08:46:23 Australia
Georgina Baldock 2014-06-04 02:13:04 Australia
Meagan Miller 2014-06-03 10:06:51 Australia
Faruq Banna 2014-06-03 07:33:32 Bangladesh
Karen Ayliffe 2014-06-03 04:57:44 Australia
Sonia Babaeff 2014-06-03 04:41:36 Australia
Miles Page 2014-06-03 04:32:07 Australia
Cathy Burgess 2014-06-03 04:11:59 Australia

Whilst international climate negotiations stagnate, CO2 emissions continue to rise dramatically.

The burning and use of coal as an energy source is the biggest contributor to human induced climate change. The International Energy Agency has consistently warned that almost two thirds of the planets’ fossil fuels reserves should stay in the ground if global temperature rise is to be limited to 2°C. 

With some banks - including the World Bank, the European Investment Bank and the European Bank for Reconstruction and Development - publicly stating they will reduce their investments in coal, it is now time for private banks such as Société Générale to make this pledge.

The French bank Société Générale is one of the top  investors in the coal industry. The bank has provided more than 3,755 million euros for coal-fired projects and companies from 2005 to mid 2011, and another 1,927 million euros for coal mining from 2005 to mid 2013.

And now it is part of one of the world’s largest planned coal projects.  Société Générale is providing advisory service for the Alpha Coal project, a huge coal mine in Australia that, if constructed, would emit 1,8 billion tonnes of CO2 over a 30-year lifespan. The project is supposed to reach financial close by the end of this year.

Whilst Société Générale publicly encourages energy efficiency, renewable energy and environmental projects,  it is actively contradicting itself through its direct involvement in the Alpha coal project. If the bank finances the mine it will help accelerate global climate change by opening up massive new coal reserves to be burnt - reserves that must stay in the ground. 

This is why we need to act now: Joining with Les Amis de la Terre, we urge you to sign this petition to Société Générale to call the bank to divest from fossil fuels, starting by immediately ending its support to the Alpha Coal mining project in Australia. Go Fossil Free!