Swedish climate activist Greta Thunberg is expected to join protesters who gathered in London and around the world on Friday, demanding big finance fund investments in fossil fuels.
Lobbyists are protesting at more than 50 locations across Europe, North America, Africa and Australia ahead of COP26, which begins in Glasgow this weekend.
The protests aim to highlight the role big finance plays in the exacerbation of the climate crisis.
Organizers argue that banks have invested $ 3.8 trillion in fossil fuel extraction since the 2015 Paris Agreement, despite net targets of zero.
Giant murals will be painted in global financial centers using ashes from homes destroyed by wildfires, they said.
Joseph Sikulu, of the Pacific Climate Warriors group, a local youth-led network working with communities to tackle climate change in the Pacific Islands, said that “financial institutions that continue to invest in fossil fuel projects sales are also investing in the destruction of our islands and our homes. “
“It is time for the companies that caused this crisis to be held accountable,” he said, adding:
“The science is clear. We must do everything to limit global warming to 1.5 degrees, the survival of our islands depends on it. To get there, we need to finance climate chaos.
In the City of London, activists will take part in climate memorials in front of major banks and insurers with a candlelight vigil to be held at the Bank of England in the City o at 5:30 p.m. ET local time (12:30 p.m. ET)
Activist Mitzi Jonelle Tan, who traveled thousands of miles to protest in London on Friday, said the issue was personal.
“I know the families in Bulacan, Philippines, driven from their homes because of a project funded by Standard Chartered Bank. That’s why I walked thousands of miles to stand on the steps of the bank’s headquarters in the City of London and demand that they finance fossil fuels. “
Tan added that climate change had already claimed the lives of millions of people around the world and that extreme weather conditions were linked to nearly 10% of deaths worldwide, resulting in around five million deaths per year.
“The Global Day of Action will be a time to honor their memories and make sure they did not die in vain,” Tan said.