Climate change stunt at Swiss bank office proves costly for activists! 12 face trial now

By: |
January 7, 2020 6:45 PM

The defendants are standing trial after refusing to pay fines handed down after the incursion at a Lausanne office of the Swiss bank in November 2018.

Inside, wearing tennis dress, the activists whacked tennis balls - an allusion to Credit Suisse pitchman Roger Federer - and urged him to break his connection with the institution.Inside, wearing tennis dress, the activists whacked tennis balls – an allusion to Credit Suisse pitchman Roger Federer – and urged him to break his connection with the institution.

A dozen climate activists have gone on trial for storming a Credit Suisse office in Lausanne, Switzerland, and playing tennis inside, part of a protest against the bank’s investments in fossil fuels.

In a trial billed as the first of its kind in Switzerland, the environmentalists from the “Lausanne Action Climate” group entered the courtroom Tuesday in suburban Renens with a number of supporters on hand outside holding up placards and chanting.

The defendants are standing trial after refusing to pay fines handed down after the incursion at a Lausanne office of the Swiss bank in November 2018.

Inside, wearing tennis dress, the activists whacked tennis balls – an allusion to Credit Suisse pitchman Roger Federer – and urged him to break his connection with the institution.

A verdict is expected Monday.

The group says Credit Suisse is one of the top banks worldwide to invest in fossil fuels, making available more than USD 7.8 billion to nearly four dozen companies that are “extreme” users of dirty fossil fuels and multiplying 16-fold its financing for coal from 2016 to 2017.

The bank’s press team did not immediately respond to a call and an e-mail seeking comment.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Future will be shaped by societies that invest in science, innovation, says PM Modi
2ICUs without air-conditioning could shield doctors from COVID-19 – study
3Nokia to partner with NASA on ARTEMIS mission to build LTE network for astronauts on the Moon