Influential shareholder adds to pressure on Barclays over fossil fuel loans
by Kalyeena Makortoff Banking correspondent from Environment | The Guardian on (#4Z95X)
Europe's biggest asset manager backs vote calling for bank to end services to energy firms
Europe's largest asset manager is backing a shareholder vote urging Barclays to stop offering loans to fossil fuel companies.
Amundi, an influential investor with more than a1.65tn (1.4tn) in assets under management, is the latest shareholder to throw its weight behind a resolution calling on Barclays to phase out services to energy companies that fail to align with Paris climate goals.
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