Extinction Rebellion Glasgow protest: Activists target Barclays bank

Activists have staged a protest outside a Glasgow bank branch, complaining about the “damage that Barclays’ investments are having on the planet”.

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Two activists have doused themselves, and a model Earth in fake oil, at 12.50pm outside Barclays’ Bothwell Street branch.

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It follows the ‘Climate Crime Scene’ the same group performed at the Argyle Street branch of Barclays on April 1.

The pair made the protest outside a Glasgow branch of Barclays.

In March 2020, Barclays announced its ambition to become a net zero bank by 2050 and made a firm commitment to align its entire financing portfolio to the goals of the Paris Climate Agreement.

However, at its Annual General Meeting on May 5, 2021, the Board of Barclays will recommend that its shareholders vote against Resolution 29, which requires the setting, disclosing and implementing of a strategy to achieve the bank’s climate ambitions and reporting on progress.

Extinction Rebellion say that Barclays invests more in fossil fuels than any other European Bank and also invests three times more in fossil fuels than the sum of all other investments it labels as ‘green’.

Stella, a 29 year old physiotherapist and Glasgow activist said: “Barclays is sentencing us to a dangerous future by refusing to stop investing in fossil fuels.

"We must hold the bank accountable. The cost of inaction is enormous.”

Michael, a 59 year old Management Consultant and activist said: “Barclays’ actions speak louder than its greenwashing words.

“I’m not a financial advisor and the value of investments can go down as well as up, but anyone with a conscience and shares in Barclays should seriously consider voting in favour of Resolution 29.”

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