sign on form

Stay up to date

Get all our latest news releases
delivered straight to your inbox

Barclays AGM: Protestors to target Barclays for bankrolling coal

Main
Banks
Dodgy deals
Companies
By World Development Movement | London, Apr 23 2014

Campaigners from the World Development Movement will protest at Barclays' AGM on Thursday 24 April, accusing the bank of fuelling climate change and destroying people's lives and the environment by financing the global coal industry.
 
Where: Entrance to the Barclays AGM, Royal Festival Hall, South Bank, London SE1 8XX
When: 10.30-11.30am, Thursday 24 April
 
Two suited, blue masked Barclays ‘eagles' on Barclays bikes, carrying coal in their bike baskets, will join protestors holding placards reading, ‘Barclays: Stop bankrolling coal'.
 
Barclays has provided the global coal mining industry with £3.1 billion since 2005. Coal burning releases more greenhouse gases per tonne than any other fossil fuel, driving climate change which disproportionately affects the world's poorest people.
 
In Indonesia, Barclays has loaned £127 million to mining company Bumi Resources, responsible for evicting indigenous people in Indonesian Borneo from their land. Since 2009, it has also loaned £1.6 billion to BHP Billiton, which plans to open coal mines across a vast area of the Borneo rainforest.
 
Barclays was also the top global financer of ‘mountaintop removal' coal mining in 2013. The tops of more than 500 mountains in the USA have been blasted off for coal. Banks JP Morgan Chase, Wells Fargo, and BNP Paribas have pulled out of mountaintop removal, but Barclays has increased its financing of the practice, closing £327 million in loan and bond transactions in 2013.
 
Nick Dearden, director of the World Development Movement, said today: "Coal is the most destructive fossil fuel, both for the climate and for the people who have to deal with coal mining on their doorsteps. Barclays must stop bankrolling dirty coal, at the very least pulling out of mountaintop removal and ending its relationship with the companies mining coal in the Borneo rainforest as a first step."
 
Notes to editors
Images of Thursday's protest will be available after the event from the World Development Movement.
Paul Corbit Brown from the West Virginia organisation Keeper of the Mountains has travelled to London for the Barclays AGM and is available for interview.
@wdmuk will tweet from inside the AGM.     

Barclays
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management…
Kaltim Prima Coal mine
Indonesia
PT Kaltim Prima Coal (KPC), located in the province of East Kalimantan, is the biggest coal mine in Indonesia. The KPC project produces around 50 million tonnes a year, making…
Mountain top removal coal mining
United States
Mountain top removal (MTR) mining is a form of strip mining in which coal companies use explosives to blast as much as 800 to 1,000 feet off the tops of mountains order to…
Bumi Resources
Indonesia
Bumi Resources is currently the most significant coal producer in Indonesia with 2013 production at 80 million tonnes. It owns the Kaltim Prima Coal project in…
Login

Good login. Redirecting to
'My Banktrack'.
Wrong login. Click here to request your password.
An email has been sent with your login!
Request password
This email is unknown.
<< Back
Search
Please provide one or more search terms

Join our mailinglist

Get all our latest news releases delivered straight to your inbox - or get our News Digest once a month

banktrack tweets
RT @SilviaMagagna: Human rights groups call out the financial sector’s association with abuse https://t.co/IOnQQ7HAHe
Aug 26, 2016
Woah, @Avaaz petition to stop world's first deepsea mine nearly at 1m: https://t.co/WEhckTb9um See our dodgy deal: https://t.co/HGuxCb2S9Y
Aug 22, 2016
contact
route
Vismarkt 15
6511 VJ Nijmegen
Netherlands


contact@banktrack.org
Contact us