Pension funds urge Barclays to stop lending to fossil fuel firms

Published By: Climate change | The Guardian Link:

Institutional investors file resolution for AGM of bank to phase out loans to fossil fuel projects or companies

Barclays is being urged to stop offering loans to fossil fuel companies as part of the first ever shareholder climate resolution aimed at a UK bank.

A group of 11 pension and investment funds managing more than £130bn worth of assets have filed a resolution calling for Barclays to set clear targets to phase out services to energy companies that fail to align with Paris climate goals.

Arcus Foundation

As You Sow

Brunel Pension Partnership

Central Board of the Methodist Church

Falkirk Council Pension Fund


Jesuits in Britain

Lankelly Chase

LGPS Central

Merseyside Pension Fund

Sarasin & Partners

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