watervole: (Default)
Judith Proctor ([personal profile] watervole) wrote2018-08-03 11:31 am

Disinvesting

I've just changed my bank.

I've moved from First Direct, who have a lot of fossil fuel investments, to Nationwide, who have none at all.
So far, the changeover process has been very easy.

I don't want my money to enable new oil wells to be dug or new coal mines to start up.

I'll miss First Direct's excellent telephone banking, but Nationwide have two branches within walking distance, so I still have human beings within easy reach. And internet banking, of course. And their savings account pays a good rate of interest (for a bank savings account).

Many ways of reducing carbon emissions are difficult, but changing bank is within everyone's grasp.

Having the cutest four-year-old in the world as a granddaughter, I'm acutely aware of the future that our society is going to leave her. Winter floods and summer droughts. Temperatures that ruin crops and kill the elderly. Any small step (especially one that doesn't cost me a penny) is worth doing to help her world.

Once the changeover is complete, if it all goes smoothly, then I'll be waving the "refer a friend" option at people in the UK. It gives you and me both £100 if you change your account to Nationwide. I'll donate my £100 to charity if anyone takes up the offer.
kerk_hiraeth: Me and Unidoggy Edinburgh Pride 2015 (Default)

[personal profile] kerk_hiraeth 2018-08-03 01:22 pm (UTC)(link)
Sadly been with Nationwide for many years now or I would.
kotturinn: (Default)

[personal profile] kotturinn 2018-08-03 07:47 pm (UTC)(link)
I too have been looking at my holdings and other parts of my life for ethical aspects (6 and 11 year old great-nieces, 7 year old great-nephew). I bank with the Co-op, which is not as good as Nationwide on the ethical scale but I suspect I'll stick with them. I do have a Nationwide account, largely as a staging for savings accounts (my savings are split between a national - them - and a local - Cambridge Building Society). Even when one has tried to live ethically it's a bit demoralising what slips through. 🙄