Barclays Likely to Stop Lending to Projects Based on Fossil Fuels
24% of shareholders voted to phase out financing for fossil fuels
May 15, 2020
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During the annual general meeting (AGM) of Barclays, a British multinational investment bank, nearly 24% of shareholders voted for Share Action’s resolution asking the bank to phase out financing for fossil fuels and utility companies that are not aligned with the Paris climate goal.