BlackRock and Barclays conspire to thwart climate action

At Barclays’ AGM on 7th May 2020, a resolution from ShareAction asking the bank to phase out financing for fossil fuels garnered 24% of shareholder votes, despite the bank’s formal recommendation not to support it, and BlackRock, one of Barclays’ top three shareholders, voting against it. A more lim [...]

May 2020
...
...

Sevenfold rise in Barclays’ tar sands financing from 2018 to 2019

Following the 2019 Banking on Climate Change report, naming Barclays among the leading banks backing ExxonMobil, Teck Resources and Enbridge to expand tar sands production, but indicating a significant drop in its 2018 financing of the sector compared with previous years, the 2020 report shows a sev [...]

April 2020

Barclays’ JBS underwriting questioned in deforestation report

A comprehensive report by Amazon Watch on the destruction of the rainforest and assault on its indigenous peoples names JBS, the largest animal protein company in the world, among the most significant contributors to the country’s growing wave of illegal deforestation, which heavily outweighs lawful [...]

June 2019
...
...

Exit from UK fracking for Barclays, silent on financing EOG et al for fracking elsewhere

Beset by protests and controversy in recent years, UK fracking has received another blow with Barclays announcing its withdrawal from the industry in the UK, nearly two years after committing to sell its holdings. While this may be welcomed by boycott campaigns that have drawn attention to the bank’ [...]

April 2019

BlackRock and Barclays conspire to thwart climate action

At Barclays’ AGM on 7th May 2020, a resolution from ShareAction asking the bank to phase out financing for fossil fuels garnered 24% of shareholder votes, despite the bank’s formal recommendation not to support it, and BlackRock, one of Barclays’ top three shareholders, voting against it. A more lim [...]

May 2020
...

Sevenfold rise in Barclays’ tar sands financing from 2018 to 2019

Following the 2019 Banking on Climate Change report, naming Barclays among the leading banks backing ExxonMobil, Teck Resources and Enbridge to expand tar sands production, but indicating a significant drop in its 2018 financing of the sector compared with previous years, the 2020 report shows a sev [...]

April 2020
...

Barclays’ JBS underwriting questioned in deforestation report

A comprehensive report by Amazon Watch on the destruction of the rainforest and assault on its indigenous peoples names JBS, the largest animal protein company in the world, among the most significant contributors to the country’s growing wave of illegal deforestation, which heavily outweighs lawful [...]

June 2019
...

Exit from UK fracking for Barclays, silent on financing EOG et al for fracking elsewhere

Beset by protests and controversy in recent years, UK fracking has received another blow with Barclays announcing its withdrawal from the industry in the UK, nearly two years after committing to sell its holdings. While this may be welcomed by boycott campaigns that have drawn attention to the bank’ [...]

April 2019
...