Germany: Activists set 'Deutsche Bank logo' on fire amid mass climate rally in Frankfurt

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Environmental activists gathered in front of the headquarters of Deutsche Bank in Frankfurt on Friday demanding the bank divest from coal and oil production.

“Deutsche Bank is one of the institutions that wish to help Wintershall Dea IPO (Initial public offering). This company wishes to expand its oil and gas production by 30 percent in the next two years alone. This business goal is not compatible with the Paris Climate Conference’s goal,” Katrin Petz from the organisation Urgenwald said addressing the protest.

At one point, masked protesters set a Deutsche Bank logo installation on fire in front of the headquarters.

According to police reports, as many as 5,000 people took part in the climate rally which was organised by the ‘Fridays for Future’ movement.
According to the primary shareholder of oil and gas company Wintershall Dea, chemical giant BASF, the company is sent to IPO in 2022.

Activists noted the investment of Deutsche Bank goes against the Paris Climate Agreement and misses its set climate target goals.

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SOT, Katrin Petz, Urgenwald activist (German): “Deutsche Bank is one of the institutions that wish to help Wintershall Dea IPO. This company wishes to expand its oil and gas production by 30 percent in the next two years alone. This business goal is not compatible with the Paris Climate Conference’s goal. Something must be done here in Frankfurt.”

SOT, Katrin Petz, Urgenwald activist (German): “We demand that the banks meet the climate demands this year and will divest from coal and find a way out of nonrenewable energies. Are you with us?”

#Germany #Frankfurt #DeutscheBank #ClimateActivists

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