Barclays urged to act over climate change

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Heavyweight investment management firms have backed a letter to the bank's boss Jes Staley from campaign group ShareAction.

Wednesday 1 May 2019 13:42, UKThe letter calls on Barclays to prohibit financing of new projects tied to oil sands and their pipelinesA group of Barclays' investors have written to the boss of the bank urging him to stop funding companies that are involved in coal mining or oil sands exploitation.

They have put their names to a letter sent to Jes Staley and organised by the campaign group ShareAction, which says it promotes"safe and sustainable" investment.Investors are asking the bank to halt any new corporate financing to companies that are "highly dependent" upon coal mining

 

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Are they going to turn off the lights at my local branch?

ClimateChange Agenda21 Agenda2030 is being DRIVEN by banks, fools! 🤡

Or Eco Emma will fly back over from LA A380 Airbus

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