Financial Tensions

Financial tensions that stand in the way

Tension between Climate Action and Mine Workers

This ABC video interview with coal-mining families highlights the difficulty they face. Many accept the facts of global warming, and that it is caused in no small way by the work they do every day to provide the necessities of life for their families.

Until they are persuaded that there is a viable transition between their current job and some new industry that will enable them to live where they have always lived, and in a manner similar to what they have now, they will be anxious about embracing Climate Action.

Tension between Climate Action and Mining Companies

So long as the money to be made from funding fossil fuels exceeds the financial risk, banks and insurance companies will provide the funding and insurance that the extravtive industries need to keep pulling coal, oil and gas out of the ground.
So, some of the more committed Climate Action Groups like Extinction Rebellion and Market Forces work hard to target the executives of these financiaal instiutions, through Social Media and Direct Action aimed at the customers. For example in this Facebook video, Market Forces parody an insurance company's own promotional material to drive home the message that it is time to cut funding to the extractive industries.

The risk of "stranded assets"