The votes are in: nearly a quarter of Barclays shareholders defied bank executives over their climate policies at yesterday’s annual meeting.
Barclays chair Nigel Higgins had asked shareholders to vote against a resolution that would commit the bank to phasing out funding for fossil fuels.Read more »
Climate strikers were out in force last week for the latest global strike, and Standard Chartered was firmly in their sights.
At protests around the world, strikers called out the bank for its continued involvement with fossil fuel companies.
UK banks are still funnelling billions into fossil fuels according to new research, while Barclays and HSBC remain among the worst in the world.
The latest Banking on Climate Chaos report reveals that 60 banks have provided $3.8 trillion to the fossil fuel industry in the last five years.Read more »
A young activist from the Philippines has taken aim at Standard Chartered in a passionate letter about the bank’s continued support for fossil fuel companies. The letter heralds the start of a major campaign on the bank’s role in coal, oil and gas.Read more »
“Coal is such a fundamental part of power generation in many developing countries where we operate that we do not think it is the right thing, from a social or economic perspective, to withdraw.”
You’d be forgiven for thinking that these are the words of a hardened coal baron intent on exploiting all possible coal reserves from developing countries.Read more »