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Clients leave environment unfriendly banks

22 June 2007 - Today, forty clients of large banks had their bank cards cut into halves in front of the ABN Amro headquarters. They no longer want to use the services of banks that invest in activities that harm the environment, Milieudefensie (Friends of the Earth) reports.

Last week, Milieudefensie published a study revealing that ABN Amro and ING/Postbank are the least environmentally friendly banks of the Netherlands. Transferring 10,000 euro from one of these banks to the more environmentally-friendly ASN or Triodos banks would have an impact comparable to leaving one’s car unused for half a year, Milieudefensie calculated.

The organisation has launched a ‘not with my money’ campaign, urging clients to change banks. So far, 2,000 people have requested information on how to do this.

Studies by Novib/Oxfam and by television programme revealed that the largest Dutch banks ABN AMRO, ING/Postbank, Fortis and Rabobank invest money in companies that produce cluster ammunition and land mines, and export arms to countries that are subject to an arms embargo, including China and Zimbabwe.

Photo: Thomas Schlijper / Milieudefensie


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