New climate plans fail to help Barclays

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 [...]

March 2022
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Wave of protests proclaim #BetterWithoutBarclays

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 [...]

February 2022

Barclays prominent in “Dirty Dozen” coal backers

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 [...]

February 2022
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Burning questions for Drax financers

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. [...]

January 2022

New climate plans fail to help Barclays

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 [...]

March 2022
...

Wave of protests proclaim #BetterWithoutBarclays

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 [...]

February 2022
...

Barclays prominent in “Dirty Dozen” coal backers

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 [...]

February 2022
...

Burning questions for Drax financers

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. [...]

January 2022
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