‘Move your money, or we do’: Belgian banks pressured to divest from fossil fuels

‘Move your money, or we do’: Belgian banks pressured to divest from fossil fuels

Account-holders of Belgium’s four biggest banks have pledged to drop their accounts there unless the banks adopt more sustainable investing and financing policies, by signing an online petition which has so far gathered over 10,000 signatures. The petition called “Move your money, or we do,” specifically targets the country’s four biggest financial institutions —Belfius, BNP Paribas Fortis, ING and KBC—, handing them an ultimatum to better align their investment policies with the Paris Climate Agreement by June— or watch clients, and their money, walk out the door. The petition asks…

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France to ban destruction of unsold consumer products

France to ban destruction of unsold consumer products

France’s prime minister has announced a crackdown on the destruction of unsold or returned consumer products, a move that will affect luxury goods brands and online retailers such as Amazon. Edouard Philippe said a ban on destroying non-food goods – including clothes, electrical items, hygiene products and cosmetics – would come into force within the next four years. The announcement came after the success of green parties in last month’s European parliamentary elections, not least in France where the EELV party came third with 13.5% of the vote. More than…

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