Home Business NewsBusinessBanking News Barclays AGM interrupted by People & Planet protesters

Barclays AGM interrupted by People & Planet protesters

by LLB Reporter
2nd May 19 1:06 pm

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.”

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.

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.”

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