Barclays and HSBC $43 Billion Fossil Fuel Problem, despite Net-Zero pledge
It’s been revealed that between January and September of this year, Barclays increased its financing of key fossil fuel players compared to the same period last year in spite of a commitment by the bank to align its business with climate goals.
CAMPAIGNERS REJECT HSBC’S ‘NET-ZERO AMBITION’, TARGETING BILLBOARDS OVER ‘CLIMATE COLONIALISM’
Activists in 10 UK cities have covered billboards and bus stops with spoof HSBC adverts, accusing HSBC of ‘climate colonialism’ and demanding the bank end its financing of fossil fuels, detention centres and climate destruction.
Barclays and HSBC have no plan to exit tar sands
Barclays revealed to have been involved in over 10 deals to harmful tar sands sector since committing to net-zero
New research has shown that the fight to end the extraction of tar sands for energy is not yet over, as the biggest financial players still have significant interests tied up in the companies that produce and export the harmful substance.
Revealed: HSBC signed off fossil fuel deals in run up to net-zero
A new investigation into HSBC’s dealings reveals that in the four months before it made a commitment to go net-zero by 2050, the bank financed at least four companies that are actively involved in the construction of new fossil fuel infrastructure, as well as one oil and gas project.
HSBC makes empty net-zero commitment
Europe’s largest bank has today announced it will go net-zero by 2050 but these commitments lack immediate exclusions of coal, oil and gas companies, and those most responsible for deforestation, which are now the bar of ambition.
Tell the Bank of England: change the rules of the game!
The Bank of England has the power to stop banks like HSBC and Barclays funnelling billions into companies making the climate crisis worse.
Euromoney, time to update your definition of sustainable banks
Last week top banking prizes were given to two of the world’s worst fossil banks. JP Morgan Chase received “World’s Best Bank”, while being the #1 banker of climate chaos and the target of a massive global campaign, and our very own HSBC won, shockingly, “Best Bank for Sustainable Finance”, despite it being Europe’s second worst fossil bank, having pumped $87B USD into fossil fuels since the Paris Climate Agreement was signed.
Storm of protests targeting Barclays across the UK
the flagship Piccadilly Circus branch in London,
Barclay’s climate commitments could amount to not-zero
The whole idea of ‘net-zero’ has rocketed into the mainstream lately, and for good reason if we’re to have any chance of limiting warming to 1.5 degrees.
Barclays Vs Football
A mock football match staged outside Barclays’ flagship Piccadilly Circus branch has turned the floodlights on the bank’s cynical exploitation of the beautiful game.
Pressure mounts on Barclays and HSBC as protests build
Over the last few weeks Barclays have come under increasing pressure as protests have intensified. From Kendal to Bristol, Glasgow to St Albans, Barclays have come under fire for the financing of fossil fuels across the country.
Returning Lloyds of London met with protests
When Lloyds of London opened their doors on the 1st September they were greeted with a clear message: stop insuring catastrophic fossil fuel projects.
HSBC’s shiny ad campaign Vs the reality
Since 2012 the group Brandalism has been holding big corporations to account with guerrilla activism they call subtervising. Their next target?
Lloyds of London fuels the climate crisis
Our sister organisation Insure our Future today released a report highlighting the role that insurance giant Lloyd’s of London plays in driving the climate crisis.
Revolving door between Barclays and BP – The Ecologist
For those scratching their heads on why big banks continue to pour billions into the companies making the climate crisis worse, we found one of the answers!
Building momentum at the Bank of England
The Bank of England is facing fresh pressure to revise its pandemic rescue program after research from the New Economics Foundation showed it’s effectively subsidizing polluting industries while claiming tackling climate change is a priority.
What are we divesting for? Join a webinar
One of our partners Platform London is hard at work campaigning for British banks and other institutions to divest from fossil fuels.
The video Barclays don’t want you to see
Activists have a special message for Barclays after they found their dirty little secret:
Hey @Barclays activists had a special message for you after they found out about your $6 billion coal secret.
Activists to Bank of England: Build Back Better
This week climate activists around the world are mobilising to demand a Just Recovery from the Covid-19 pandemic ahead of two important meetings that will be attended by the wealthiest governments and finance decision-makers.
Activists urge Barclays to quit coal habit in smokestack stunt
Activists have today descended on a Barclays branch in London, in protest against the bank providing billions of pounds to coal, the most polluting fuel, since UN scientists warned we have 10 years left to avert the worst consequences of the climate crisis.
Meet Sharklays: what the UK’s biggest fossil bank is really trying to say
These grassroots activists had a little fun spoofing Barclays’s latest ad campaign today. Below is their press release, and be sure to visit the new Sharklays.co.uk also!
Barclays urged to confront slavery and climate change
Today grassroots activists organized a socially distant protest at Barclays Bank’s offices in London demanding they take action not only on the climate crisis but their history supporting slavery.
Coronavirus bailouts shouldn’t stoke climate change
This opinion piece in Foreign Affairs points out how much of the stimulus created by world governments has gone to carbon-intensive industries and the fossil fuel sector that needs to be wound down in order to stave off the worst impacts of the climate crisis.
Building momentum for green recovery at the Bank of England
It feels a lot like momentum….!
First Andrew Bailey was forced to respond to activists who emailed and called him.
UK banks and investors backing Amazon destruction
Deforestation is the second major cause of climate change, and a joint investigation by the Guardian, Greenpeace’s Unearthed and the Bureau of Investigative Journalism, UK banks and financial institutions have provided more than $2bn US (£1.5bn) in financial backing in recent years to Brazilian beef companies linked to deforestation in the Amazon rainforest.
Coronavirus could cause £25 Trillion fossil fuel industry to collapse
That eye raising headline from The Guardian was based on reports that the value of fossil fuel reserves might fall by as much as two-thirds as the covid crisis has hastened the peak for oil, coal, and gas demand.
Fossil Finance and Climate Justice – webinar from People and Planet
Earlier in May our partner People & Planet’s Divest Barclays campaign held a webinar ahead of the Barclays’ AGM on why they are taking the fight for climate justice to the doorstep of the big banks.
24% of shareholders protest Barclays fossil fuel support
Today at Barclays’ AGM, an incredible 24% of shareholders voted for ShareAction’s resolution asking the bank to phase out financing for fossil fuels and utility companies that are not aligned with the Paris climate goals.
New report shows who is Funding Climate Chaos in the UK
Today, a group of organisations – 350.org, Platform London, People & Planet and The Sunrise Project – launched “Funding Climate Chaos“, a new report highlighting the role of UK banks in funding the climate crisis, focusing on Barclays and HSBC and referencing data from the Banking on Climate Change report.
What are the holes in Barclays’ new “Net Zero” policy?
Our friends at Share Action did the hard work to unpack what Barclays’ new fancy sounding “Net Zero” fossil policy really means.
CityAM debates morality of Barclays climate protests
The media is starting to notice the growing movement targeting banks and other financiers of fossil fuels. The newspaper CityAM hosted a debate on this new target of climate activists.
Greenpeace activists shut down 100 Barclays branches
Nearly 100 Barclays high street branches were shut down to protest against bank’s continued multi-billion dollar support for fossil fuels.
The RBS climate announcement and why it matters
A few days after our high profile ad ran in Scotland’s major newspaper, Alison Rose the CEO of RBS/ Natwest, announced as part of their new strategy for the Bank that RBS will also stop lending and offering underwriting services to major oil and gas producers that do not have credible transition plans in line with Paris climate agreement targets, which aim to limit global heating to below 2C.
Pressure to act big mounts on RBS
After a long concerted campaign at Royal Bank of Scotland/ Natwest to stop financing fossil fuels, led by the Friends of the Earth Scotland, BankTrack and others, rumors were flying that they were on the cusp of making a big climate policy announcement.
Protesters “swarm” London’s banks for their investment in fossil fuels
Grassroots activists from a wide cross section of British society have launched their “swarm” against the Bank of England and other financiers of fossil fuels in London today.