— Right now, Barclays staff are speaking out confidentially on Barclays’ fossil fuel funding. You can take part by emailing confidential@bankonourfuture.org now —
What does the research show?
The 2023 Banking on Climate Chaos report is just out. It ranks the biggest global banks on the amount of fossil fuels they’re funding around the world. For the last 6 years, Barclays has been the #1 fossil fuel funding bank in Europe, and they’ve made it a 7th. Barclays has lent $190 BILLION to the fossil fuel industry since 2016 – with a staggering $17Bn last year alone.
That money flows freely into the hands of fossil fuel companies like Shell and Exxon – both of whom are ignoring science and increasing their fossil fuel extraction. The evidence is showing that despite all of Barclays’ green promises, it’s not as green as it says it is.
I think banks will move slowly on fossil fuels. But to be #1 in Europe for this long is pretty embarrassing – Barclays employee, 6 years.
Where’s the coverage?
The report is being covered by global news right now. Here are a few links to check out:
How is fossil fuel funding affecting Barclays?
Over the last year, Barclays has been featured across international news. It’s continuing to hurt its own reputation, while funding fossil fuel extraction around the world:
- HERE’s the response to Barclays’ recent energy policy, which falls way behind the standard set by other UK banks
- HERE’s Barclays standing alongside disgraced coal company Adani, which is aggressively trying to build the biggest coal mine in the world.
- HERE’s Stephen Fry calling out major UK banks for fossil fuel funding, with a particular focus on Barclays.
The task is clear. Barclays must stop bankrolling climate destruction now.
— Right now, Barclays staff are speaking out confidentially on Barclays’ fossil fuel funding. You can take part by emailing confidential@bankonourfuture.org now —