The 2015 Paris Agreement sets out what humankind needs to do to keep global heating below 1.5°C. Even if we burn only the fossil fuel reserves we already have, the planet will heat up by much more than this, leading to a catastrophic future - and "Every fraction of additional warming beyond 1.5°C will bring worse impacts" (UN Environment Programme)
We need to keep fossil fuels in the ground, yet Barclays continues to finance businesses expanding fossil fuel extraction, exploiting new reserves or destroying the ecosystems required to help avoid climate disaster.
Not madness; greed. Such fatally short-sighted, uncontrolled pursuit of profit is like the predatory feeding frenzy of a Barclays alter ego we call: Sharklays1. Read the facts about Barclays here.
1. Real sharks are much more benign, and an important part of the ocean ecosystem, which they are unlikely to try to destroy. Find out why they need protecting here.
Soaring drought and desertification leading to giddying drops in food production; roads filled with overturned cars after flooding; record-breaking storms causing power cuts, huge structural damage, transport paralysis, injury and death are just some of the recent weather events increasingly attribu [...]
After announcing a £450m hit from breaking US banking rules, followed by a £900m shareholder exit pushing down its share price, all while still recovering from the fallout of the former CEO’s departure, Barclays may have hoped its revised climate plan would garner some favourable press – but the dis [...]
Despite Barclays’ recent attempts to appear to be tackling its fossil-fuel-finance problem – promising a ‘say on climate’ at its next AGM, and to update its targets and policies in advance of that – protests against the bank’s activities in this area show no signs of stopping. In February alone, ove [...]
Despite its pride in being a founder member of the Net Zero Banking Alliance (NZBA), including a commitment to “CO2 emissions reaching net-zero at the latest by 2050, consistent with a maximum temperature rise of 1.5°C”, new finance analysis shows that Barclays is one of the foremost banks in a “dir [...]
Increasing recent attention from the BBC and others about the environmental impact of Drax power station makes uncomfortable reading for those financing it – particularly Barclays, whose long association with Drax Group plc includes the £300m facility shown in the group’s most recent Annual Report. [...]
Soaring drought and desertification leading to giddying drops in food production; roads filled with overturned cars after flooding; record-breaking storms causing power cuts, huge structural damage, transport paralysis, injury and death are just some of the recent weather events increasingly attribu [...]
After announcing a £450m hit from breaking US banking rules, followed by a £900m shareholder exit pushing down its share price, all while still recovering from the fallout of the former CEO’s departure, Barclays may have hoped its revised climate plan would garner some favourable press – but the dis [...]
Despite Barclays’ recent attempts to appear to be tackling its fossil-fuel-finance problem – promising a ‘say on climate’ at its next AGM, and to update its targets and policies in advance of that – protests against the bank’s activities in this area show no signs of stopping. In February alone, ove [...]
Despite its pride in being a founder member of the Net Zero Banking Alliance (NZBA), including a commitment to “CO2 emissions reaching net-zero at the latest by 2050, consistent with a maximum temperature rise of 1.5°C”, new finance analysis shows that Barclays is one of the foremost banks in a “dir [...]
Increasing recent attention from the BBC and others about the environmental impact of Drax power station makes uncomfortable reading for those financing it – particularly Barclays, whose long association with Drax Group plc includes the £300m facility shown in the group’s most recent Annual Report. [...]
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