Barclays investor slams bank's ‘sustainable’ financing as ‘totally dishonest’
A general view of Barclays Bank in London, July 18, 2018
ONE of Barclays’ own investors slammed the bank as “totally dishonest” for claiming that billions handed to fossil fuel companies is “sustainable,” an investigation found tomorrow.
The bank claims it is combating climate change by pledging to raise £0.8 trillion in sustainable and transition finance.
Providing sustainability-linked loans and bonds, firms involved must agree to reach climate targets or risk higher interest rates.
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