Santander Bank: Stop supporting fossil fuel expansion in the blue whale’s home! Tell Santander to stop investing in fossil fuel expansion that endangers vulnerable marine life in the Gulf of California.

We don't need more climate-harming gas. We need to protect vulnerable wildlife and ecosystems.
brnw.ch/21x1LWV

Are you willing to sacrifice blue whale calves or the critically endangered vaquita porpoise for more fossil fuels?

Santander Bank is backing a destructive fossil fuel project in the Gulf of California. It would turn this biodiversity hotspot into a shipping corridor for LNG tankers.

Spokesperson: Xiye Bastida
Gulf of California footage: Greg Robinson
Blue whale footage: Alex Brenner

The largest heart on Earth is the size of a small elephant. It belongs to the blue whale. Right now, a massive gas project threatens to destroy their home in the Gulf of California forever.

If we work together, we can protect this irreplaceable ecosystem. #WhalesOrGas brnw.ch/21x1mGQ

Santander Bank is backing a fossil fuel project that would turn the Gulf of California, a calving ground for blue whales, into a shipping corridor for liquefied natural gas tankers.

We cannot sacrifice these whales for the sake of more climate-harming gas. Take action today! brnw.ch/21x1hzm

When climate disasters hit the physical world, they hit your retirement savings too. ClientEarth is going to court to make sure the people managing your retirement money live up to their legal duty to assess and protect you from climate risks. Learn more >> brnw.ch/21x1dCw

Read more about how ClientEarth USA is taking action to protect everyday peoples’ hard-earned savings. brnw.ch/21x0sKr

🌟 Bring back flip phones, mp3 players, and low-rise jeans (if you want), but let's keep economic collapse driven by willful ignorance to risk in the 2000s.

💵 Climate risk is the new subprime – it can likewise accumulate and materialize through physical events, regulatory developments, or market shifts, which could result in sudden, devastating losses.

📉 We’ve seen this before. In the early 2000s, Wall Street piled into high-risk subprime mortgages, allowing risk to accumulate within investment portfolios, until the economy global buckled and people lost homes, jobs and savings.

🌎 Climate change is poised to crash into the financial markets. This means some investments that are meant to provide for retirement security stand to plummet in value as climate impacts worsen.

The 2000s are back in style – but let’s not take it too far. If we’re not careful, we could end up with a financial mess on par with the subprime mortgage crisis of 2008. 🧵

The people handling your retirement money have a legal duty to act prudently, assess risks, and act in your best interest. That’s why we’re calling on employers to live up to their legal duty to take account of climate risk in retirement portfolios. brnw.ch/21x0EFk

5. Fuel and food prices rise.

Infrastructure repairs demand materials and energy. That pressure can push up prices, and rising inflation can eat away at the value of the bonds in your portfolio.

4. The economic shockwaves hit everywhere.

The hurricane shuts down the local port, which is a crucial shipping hub. Companies across the country now can't get parts or deliver goods, so their earnings drop and their stock prices fall.

3. The housing market freezes, and banks take the hit.

With homes uninsurable, unsellable, or uninhabitable, defaults rise. Banks holding those mortgages absorb the losses.

2. Property values collapse.

Banks won't issue mortgages without insurance, so demand plummets and home prices fall.

1. Insurance companies take huge losses — then walk away.

After paying enormous claims, insurers may decide that remaining in that region is too costly.

Are your retirement investments ready for climate risk? Here’s how one hurricane, in another state, could turn disastrous for your savings: 🧵

Real estate group Cushman & Wakefield sued over climate risk to worker retirement savings Case could influence wider legal questions about how long-term risks apply to fiduciary duties

For the first time, a lawsuit directly challenges whether Cushman & Wakefield fulfilled its fiduciary duty when managing climate-related financial risk in a retirement plan.

The outcome could have significant implications for the $12 trillion retirement fund sector.

Learn more here:

Background photo of a gavel, with dramatic lighting. Red text box with “BREAKING: Real estate corporation Cushman & Wakefield is risking its workers' retirement funds by investing in climate-risky funds. We're highlighting a groundbreaking class action lawsuit to hold the company accountable in court.” “A worker filed a precedent-setting lawsuit against one of the world's largest real estate corporations, alleging Cushman & Wakefield's retirement plan managers breached their duties by failing to protect workers' savings from climate-related financial risks.” Arrow icon pointing right in top right corner. Stand.earth logo in bottom right corner.

Background photo of an investment graph. Red text box with “Retirement funds are deferred wages & long-term security that workers rely on. Retirement plans aren't abstract financial products; they're deferred wages, long-term security, and a reflection of how employers care for their people in uncertain times. When these critical savings are invested in underperforming fossil fuel companies and climate exposed real estate, employees shoulder risks they never knowingly agreed to.” Arrow icon pointing right in top right corner.

Background photo of stock investment graph. Gray text box with “The Kvek vs. Cushman & Wakefield class action lawsuit in U.S. District Court Western District of Washington, is the first-ever legal challenge on 401(k) managers for ignoring climate financial risk, alleging that such oversight violates their fiduciary duties. We are supportive of this lawsuit and have been working for several decades to educate and activate both public and private sector workers about risks to their pensions and retirement funds.” Arrow icon pointing right in top right corner.

Background photo of a flaring oil refinery. Red text box with “It's not just Cushman & Wakefield. Instead of safeguarding its workers' futures, companies across the United States are funneling retirement savings into risky funds packed with underperforming fossil fuel companies or high-risk businesses like real estate, that can be severely damaged by the impacts of climate change-fueled extreme weather. No matter who you are or how you vote, your retirement should be secure, and this new landmark lawsuit is arguing just that. Retirement savings should be managed to protect working people, not to bankroll polluters or enrich billionaires.” Arrow icon pointing right in top right corner.

BREAKING: One of the world’s largest real estate corporations, Cushman & Wakefield, is risking its workers’ retirement funds by investing in climate-risky funds.

We’re highlighting a groundbreaking lawsuit to hold the company accountable in court. #GreenSky

Huge corporations may be able to absorb some of these losses, but the fallout could be catastrophic for everyday people.

That’s why we’re suing real estate giant Cushman & Wakefield for funneling workers’ retirement savings into a misleading fund packed with climate-related risks. brnw.ch/21x0wwp

New Ceres’ report shows the staggering financial repercussions of nature loss

💵 $430 billion: What biodiversity loss will cost eight economic sectors if current trends continue. www.ceres.org/resources/ne...

Asset-level assessment of climate physical risk matters for adaptation finance - Nature Communications The authors develop a methodology to quantify climate physical risks, both chronic and acute, on productive assets. Investor losses are underestimated up to 70% when neglecting asset level information...

💵 70%: The degree to which investor losses could be underestimated when models ignore key climate risks. www.nature.com/articles/s41...

💵 $1.12 trillion: The projected annual cost of climate-driven physical risks by 2050, most of it coming from heat and water stress. www.spglobal.com/sustainable1...

A climate timebomb could decimate retirement portfolios. Here are some numbers about climate risk >> 🧵

This lawsuit is the first of its kind and could have an impact that goes far beyond one bad actor. If successful, it could set a nationwide precedent, requiring employers to live up to their legal duty to take account of climate risk in retirement portfolios. brnw.ch/21x0sKr

We filed a landmark lawsuit against real estate giant Cushman & Wakefield. Instead of fulfilling its duties to safeguard the future of its workers, the company is offering a high-risk retirement fund full of businesses that are vulnerable to climate disruption.

A climate time bomb is ticking in America’s retirement accounts. We’re going to court to stop it.

Most of us work hard, put money aside with each paycheck, and trust it will be there when we retire. But that trust is being betrayed.

Dozens of cities across the country have already sued the oil and gas industry for hiding from the public what they've long known: burning their products would drive catastrophic climate change. Now, the industry is trying to stop these lawsuits altogether by bringing one to the Supreme Court.