Shareholders rally against Barclays about lending to climate unfriendly firms
As Europe’s biggest fossil-fuel banker, Barclays has been criticised for its role in bankrolling some of the largest emitters of greenhouse gases
26 February 2021 - 11:56
London — For the second consecutive year, Barclays shareholders will vote on whether the bank should wind down its lending to the fossil-fuel sector.
A group of individual investors, co-ordinated by Australian nongovernmental organisation Market Forces, have filed a resolution calling on the British bank to bring its financing for coal, oil and gas companies in line with the goals of the Paris climate agreement. The group also demands that the bank introduce short-, medium- and long-term targets to phase out financing to the industries and report on its progress...
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