Petition · past parliament
Legislate against banks continuing to invest in fossil fuels.
Rejected
17 signatures
What the petition asks
Legislate to oblige all banks to transition away from financing the coal, oil and gas industry by 2030.
The commitment at COP26 that financial institutions would reach net-zero by 2050 is far from enough. BankTrack has said that, in order to have only a 50% chance of limiting global heating to below 1.5 degrees, global carbon emissions must be more than halved by 2030. To be possible, banks must stop financing the fossil fuel industry in this decade. This is not happening. Banks around the world have invested over $3 trillion into fossil fuel in the past five years. The time to legislate is now.
Why it was rejected
It asked for something that is not the responsibility of the UK Government or Parliament.
We can't accept your petition because the UK Government and Parliament aren't responsible for the issue you raise. The UK Government and Parliament aren't responsible for directing investments by banks.
Timeline
| 3 Nov 2021 | Petition opened for signatures |
| 9 Nov 2021 | Rejected by the Petitions Committee |
Key facts
Signatures
17
Status
Rejected
Rejected
9 Nov 2021
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Source: the official petition page. Last checked 15 Jul 2026.