🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

XR activists target Barclays across the UK in climate protest

EditorPollock Mondal
Published 27/11/2023, 13:50
© Reuters.
BARC
-

In a sweeping demonstration today, climate activists from Extinction Rebellion and its affiliated group, Money Rebellion, targeted Barclays Bank, gluing doors shut at approximately 50 branches across the country. The protests, which took place in cities including Glasgow, Leeds, Lincoln, and London, aimed to hold Barclays accountable for its significant investments in fossil fuels.

The activists chose Barclays due to its status as Europe's top financier of fossil fuels, with investments reported at $190.58 billion since the Paris Agreement. Their actions echo similar protests by Greenpeace in 2020, underscoring a continued push for financial institutions to adopt more environmentally responsible practices. The protesters sealed doors at key locations, such as Tottenham Court Road station in London, Kilmarnock Road in Glasgow, and Albion Street in Leeds, causing disruptions which they argue pale in comparison to the catastrophic events driven by climate change.

The groups have called for Barclays to commit to ending its fossil fuel investments by the time of its next annual climate strategy update in 2024. As part of their campaign, they highlighted the growing public demand for urgent climate action and encouraged customers affected by today's protests to switch to more sustainable banks. They suggested using platforms like switchit.green as a resource for finding ethical banking alternatives.

While the activists apologized for the inconvenience caused by the protests, they emphasized that such minor disruptions are necessary to confront the larger issue of climate change, which they describe as a core rationale for their demonstration against major contributors to climate breakdown.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.