Bankrupt Climate Change

We’re staging creative direct actions at Barclays branches in towns and cities across the UK to pressure the bank to stop funding the fossil fuel companies.

From hurricanes in the Caribbean to wildfires on Saddleworth Moor, climate change is devastating communities around the world. If we’re serious about preventing catastrophic warming, this means we can’t build any more fossil fuel infrastructure.

In order to win the fight against the industry, we need to take on the banks. Although fossil fuel companies have a lot of money, they don’t have the billions of dollars needed to build their infrastructure. This is financed by banks.

One of the biggest culprits is Barclays. A new report has shown Barclays is the worst bank in Europe for financing fossil fuel projects, funding fossil fuel companies to the tune of $85bn since the Paris Agreement was signed at the end of 2015. A decade ago the banks crashed the economy. This time they’re crashing the climate.

We’ve beaten the banks before. In the 1980s, British students targeted Barclays, demanding the bank withdraw from the apartheid regime in South Africa – and won. In recent months, renters’ union ACORN have pressured NatWest into dropping their clause that forced buy-to-let landlords from discriminating against welfare claimants.

If we beat Barclays, we can land a fatal blow to the fossil fuel industry. Over the coming months, Momentum will be staging creative direct action at Barclays branches in town and cities across the UK in order to pressure the bank to stop funding the fossil fuel industry.

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