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After this, we will force Barclays to divest from existing projects beginning with coal and tar sands, cutting off the tap to specific projects and the companies driving them.
These projects must be shut down to keep over 80% of known fossil fuel reserves in the ground and avert climate catastrophe.
Barclays is the biggest funder of fossil fuel infrastructure in Europe - it's time for them to halt their support for the fossil fuel industry before they drive us over the climate cliff.
We're building a movement that will get our unis to break their ties with Barclays while showing the bank up for the climate criminal it is through relentless public pressure.
We are planning to coordinate monthly days of action across the country to put pressure on Barclays until it cuts all financial backing .
This will continually pressure them into conceding specific demands around new fossil fuel projects – such as banning all support for coal and tar sands companies - along the way to divesting from all fossil fuel finance.Until we get there, we are demanding that Barclays stop financing new fossil fuel projects.This is because we know there can be no new fossil fuel infrastructure built if we are to reduce emissions globally.It is our money, funnelled in to their mass gambling machine through their high street retail arm, that allows them to bankroll ecological destruction, human rights abuses, and climate breakdown.With a sustained campaign to divest Barclays and show up their complicity through direct action, we can force their hand, and keep the remaining fossil fuel reserves where they belong - in the ground.We want Barclays to ditch all of their fossil fuel finance.This means the project finance they give to companies for specific projects like coal mines, oil pipelines or fracking sites.We want to show Barclays that we aren’t going away by taking action against them every month.To do this, we want to create a relentless campaign of disruption they will have no choice but to respond to.They even underwrote a public offering for the company responsible for the Trans Mountain tar sands pipeline.That’s despite already coming under fire for financing the companies behind the Dakota Access Pipeline, which was met with a wave of resistance by indigenous peoples and allies at Standing Rock.