Tag: lending

Jupiter calls for Barclays to stop fossil fuel lending

Pressure is growing on Barclays (BARC.L) to curb lending to fossil fuel companies, with a significant investor publicly backing calls for the bank to change its ways.

Jupiter Asset Management (JUP.L) on Tuesday said it would support a shareholder campaign calling for Barclays to put a stop lending to fossil fuel and utility companies that don’t align with the goals of the 2015 Paris agreement.

Investor campaign group ShareAction filed a resolution in January calling for Barclays to publish a plan to gradually reduce its fossil fuel lending. Investors will vote on ShareAction’s proposal at Barclays’s annual general meeting (AGM)

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