Barclays faces fresh investor revolt over fossil fuels
by Patrick Collinson from Environment | The Guardian on (#4YYJQ)
Bank under pressure from UK's powerful Investor Forum to adopt stricter climate policies
Barclays is facing a fresh revolt from the UK's most powerful investor group amid mounting concerns over its role as the biggest European financier of fossil fuel companies.
The Investor Forum, which holds 18.5tn in assets and represents Britain's largest investors, is understood to be pressing Barclays to adopt stricter policies on climate change before the bank's annual shareholder meeting in May.
Continue reading...