Barclays Under Investor Pressure to Halt Financing for Fracking [Financial Post (Toronto, Ontario, Canada)]
Barclays PLC (BCS)
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Source: Financial Post
pledge by the British bank to restrict financing for companies that focus exclusively on fossil-fuel exploration and extraction doesn't go far enough. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — A group of 24 institutional investors with a combined $1.2 trillion of assets wants Barclays Plc to stop financing fracking, and argued a recent pledge by the British bank to restrict financing for companies that focus exclusively on fossil-fuel exploration and extraction doesn't go far enough. The Church of England Pensions Board, Cardano and AkademikerPension are among investors that signed a letter sent to the bank's board and senior executives laying out the demands. The letter, which was coordinated by London-based nonprofit ShareAction, was timed to coincide with Barclays' annual general meeting on Thursday. Article content Article content “Investors, the public and people whose lives have
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