Extinction Rebellion Sheffield targets Barclays, ‘Europe’s biggest fossil fuel financier’, with week-long protest

Extinction Rebellion Sheffield targets Barclays, which it says is Europe’s biggest fossil fuel financier, with week-long protest

The action is part of a UK-wide campaign – Better without Barclays – by Extinction Rebellion (XR), a global environmental movement demanding action from governments and organizations to avoid triggering tipping points irreversible climates.

The group is targeting Barclays because it claims the company is Europe’s biggest investor in fossil fuels. Barclays, he says, also contributes to projects and companies that accelerate deforestation, have been involved in tax evasion, funding the arms trade and funding Drax; the UK’s biggest carbon emitter.

XR Sheffield and XR Youth Sheffield are planning a series of actions outside Barclays on Pinstone Street from Monday February 21 to Saturday February 26. Actions will include street talks, vigils, theatrical performances and the distribution of leaflets to inform customers of issues with Barclays and how they can switch banks. The final day will end with a raucous protest featuring XR Sheffield’s samba band and XR’s recognizable ‘red dresses’.

Register to our daily newsletter

The newsletter mute the noise

Extinction Rebellion Sheffield targets Barclays, Europe’s biggest fossil fuel financier, with week-long protest

Steph Howlett, from XR Sheffield, said: “Climate change is happening. We have just suffered three named storms which have broken wind speed records, bringing down power lines, damaging property and leaving the country with an estimated £300m cleanup bill.

“It may sound bad, but it’s nothing compared to the impact of global warming on many of the poorest countries in the South, which have been hit by severe drought, wildfires, floods and where Low-lying island nations are threatened with annihilation as sea levels rise.

“Scientists are clear that to have any chance of staying within the 1.5 degrees of global warming that might just have a chance of giving our children and grandchildren a planet to live on, we need to stop all investment. in fossil fuels now, not in 2050.”

The recent Banking on Climate Chaos report estimates that Barclays has invested $4.1 billion in fossil fuels since March 2021.

Extinction Rebellion Sheffield targets Barclays, Europe’s biggest fossil fuel financier, with week-long protest

According to XR, the bank’s investments include: providing $194 million to Enbridge, part of which owns the controversial Dakota Access Pipeline, which will block emissions from 30 coal-fired power plants; $200 million to MEG energy to extract dirty oil sands; and $161 million to Kiner Morgan, the company behind the 890,000 barrel-per-day Trans Mountain pipeline in Canada.

Since the Paris agreement, which aimed to limit future warming by reducing carbon emissions, XR says Barclays is Europe’s worst fossil fuel financier, with a margin of 31%.

Fran Haddock, from XR Sheffield’s Justice group, said: ‘As energy prices rise leaving people unable to afford fuel, fossil fuel companies are just getting rich and not paying the price. crisis they caused, financed by banks like Barclays. There are huge issues of injustice with Barclays operations, from funding projects that evict indigenous peoples from their lands, to funding war and conflict. Pushing huge banks like this to change and helping people see through their greenwashing is important to me.

XR Sheffield is hosting a ‘Road To Extinction (And What To Do About It)’ talk at 6.45pm at the Union Street workspace in Sheffield on Monday 28th February. The next national ‘rebellion’ is scheduled for April 9, 2022 in Hyde Park, London.

Extinction Rebellion Sheffield targets Barclays, Europe’s biggest fossil fuel financier, with week-long protest

Mary I. Bruner