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Barclays: storm & spin

Campaigners organised a social media storm on 7 May to coincide with the AGM of Barclays bank, the largest European provider of fossil fuel financing.

A ShareAction resolution, calling on the bank to set targets ‘to phase out the provision of financial services to energy and utilities companies that are not Paris aligned’, received just 24% of the vote.

Commenting on the outcome, student campaign group People & Planet said: ‘It’s clear Barclays’ commitment to climate action doesn’t extend beyond rhetoric and spin. If it did, they wouldn’t be blocking modest motions calling for real energy targets in place of vague and distant “ambitions”.’

Topics: Climate Change