Pressuring the SNB on Fossil Fuel Investments

Despite investing billions in the fossil fuel industry, the SNB faced major resistance at its 2023 AGM, held at the Kursaal in Bern. A coalition of organizations, critical shareholders, and frontline activists demanded that the SNB divest from TotalEnergies, which is behind the controversial East African Crude Oil Pipeline (EACOP). Ugandan and Tanzanian activists, including Hilda Nakabuye (Fridays for Future Uganda) and Bakara Lenga (GreenFaith International), called on the SNB to sell its $620 million stake in TotalEnergies. Outside the AGM, activists staged a symbolic protest with a giant pipeline installation.

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How many Blattens do we want in years to come?

How many Blattens do we want in years to come?

Jul 4, 2025

How Swiss finance is driving climate collapse — and making us pay for it On May 28 2025, the village of Blatten in Valais, Switzerland, was wiped off the map. At 15:24 CEST, ten million cubic meters of rock and ice came crashing down onto the village. In just 28...

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Insurance exclusion policies drive coal mine closures

Insurance exclusion policies drive coal mine closures

Jun 28, 2025

27 June, Bern, Switzterland - A major new study from the University of Zurich shows what BreakFree, Campax and the Insure Our Future coalition have long argued: that insurance exclusions are among the most powerful tools to accelerate the phase-out of fossil fuels....

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After Shell, the SNB divests from Chevron

After Shell, the SNB divests from Chevron

May 15, 2025

May 13, Bern/Geneva -- Following a long-standing campaign by the Coalition Our SNB, the Swiss National Bank has divested its investments in the multinational Chevron. The Swiss climate justice movement and a Mapuche delegation had called on the bank to comply with its...

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