We’re all trying to do our bit for the planet – but if you bank with Barclays, your money could be undoing all your effort.
In 2015, the world pledged to limit global temperature rises to 1.5C. But since the Paris agreement was signed, Barclays has has provided funding of over US $190 billion to fossil fuel companies. In fact, Barclays is Europe’s biggest funder of fossil fuels – so this should worry all of us, not just Barclays’ customers.
The International Energy Agency is clear that staying within 1.5C means no new gas and oil fields, anywhere. We’ve joined big investors in asking the bank to improve its policies, but so far, progress is too slow.
