Barclay’s Bank annual general meeting (AGM) was disrupted on Thursday by climate change protesters, who are angry at the banks financing of fossil fuel projects they are undertaken.
People & Planet are a network who are campaigning on world poverty, the environment and human rights. Whilst Jes Stanley, chief executive was giving a speech he was interrupted with shouts of “tell the truth.”
Campaigners linked their arms together and shouted, “What do we want? Climate justice. When do we want it? Now.”
P&P activists chant "tell the truth" after @Barclays chairman claims they've moved away the dirtiest fossil fuels.
— People & Planet (@peopleandplanet) May 2, 2019
Barclays investors wrote to the bank urging them to stop investing in firms who are involved in oils sands exploitation and coal mining.
As part of a campaign organised by share action, Hermes EOS, Edentree, Boston Common and Sarasin & Partners all wrote the letter.
— Sonia Hierzig (@soniah1991) May 2, 2019
Staley said in his speech to investors, “Barclays is determined to do what we can to support the transition to a low-carbon economy, while also ensuring that global energy needs continue to be met.
“We are already doing a considerable amount to support that transition to a low-carbon economy.
“We have ruled out financing oil or gas exploration in the Arctic, we no longer finance greenfield thermal coal-mining activity, and we have introduced new enhanced checks on all transactions related to the exploration, extraction, transportation or processing of oil sands output.”