watervole | Fossil fuel free banking

If anyone wants to move their UK bank account to a bank that has zero fossil fuel investments (unlike the majority of big UK banks), then Nationwide currently have an offer of £200 for people who move their current account to them. (and I don't regard this as unfair to existing customers, as they recently gave all their existing customers £200 for gratis - including me)

https://www.nationwide.co.uk/

I'm already with Nationwide - they're one of the few remaining building societies, so they invest their money in helping people to buy their homes. No fossil fuels.

They also - at least where I live - still have more branches open than other banks do.

We left our previous bank several years ago, as First Direct is part of Santander which has large investments in fossil fuels. We wrote and told them why we were leaving, but never got a reply...

If we want to try and save the planet, then one of the easiest steps to take is to change your bank. Costs you nothing - or in this case, actually gives you real cash - and your bank has to do all the hard work of moving your direct debits and standing orders.

Wherever you live, you can find out which banks are deeply into fossil fuels and which are not via BankGreen

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I strongly second this. It's a straightforward action to do.

For general info, Ethical Consumer have a banking section https://www.ethicalconsumer.org/money-finance/ethical-banking

Full disclosure - I have accounts with Co-operative bank, Nationwide and my local building society. I know people with Triodos accounts who are very happy with them.

A woman after my own heart! It was Ethical Consumer's write up of banks that persuaded me to switch to Nat West.

I also have some ethical, fossil free, investments with Triodos.

How terrible...we try to do everything possible to help our Earth...But look to Ukraine...the waste, the burning, destroying the life, the environment...Until people don´t come to senses and unite, the pollution is going to grow...I am not being negative or pessimistic because I do believe there will be something positive - but not now, not now. We are so close here to this...

The damage the Russians are doing to Ukraine is horrendous. How many animals (as well as people) are dying in those massive minefields?

It is not only the minefield. There are vast destroyed areas...leaking pipings, piles of wrecks...burned fields. It must be even more horrible for animals, the have no voice to call for help. There are areas of wasteland, total apocalypsa...people are resourceful and always manage to survive; but animals ...Sorry, I am not putting them above humans but this is the situation. The worst is that the conflict begins to grow... how to manage it without provoking the third world war? Russian green brains are crazy, they don´t care. And Putin is a puppet, I suspect...

Never feel guilty about sympathy for animals. They feel pain just as we do.

Besides, we are more and more aware that we need a healthy ecosystem for our own survival.

The whole situation is horrible and beyond rationale.

Thanks for this post. I've been with the Coop for ages but they've closed loads of branches. They've certainly tried to cultivate a reputation as an ethical bank; not being the greatest at managing my finances, I've never tried poking at their reputation with a stick to see what falls out.

But increasingly I'm thinking I should brace myself and switch to Nationwide. In the last place I lived, they were the only bank/building society with a physical branch.

Co-op are better than many on the ethical front, largely due to a big campaign from members, but they're down to only 35 branches now.

so far, my experience with Nationwide has been very positive - the fact that they are owned by the members and not shareholders led to the unexpected £200 payout when they had a really good year. It wasn't why I joined, but it was very nice to have!

I've not had any hassle factors to date. (I left Barclays in the past when they totally screwed up some direct debits)

Thank you! I do like the idea of switching to a building society.

I've been with Nationwide since the National & Provincial closed ('demutualised') in 1996 -- the Nationwide were the only ones who gave a public pledge that they would resist demutualisation tooth and nail no matter how many carpet-baggers joined up to vote for a big short-term payout, and they have honoured that pledge and remained a building society. And demonstrated that it was indeed a financially sound choice as well as an ethically responsible one, since they have gone from strength to strength while the likes of Northern Rock crashed and burned while playing at stocks and shares rather then lending one set of members' money to the other...

Yes! They resisted the short term profit and continued to serve ALL their members.

Fossil fuel free banking

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