Barclays oil sands

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Barclays are the only UK bank still choosing to fund toxic tar sands pipelines. These pipelines aren't just putting the global climate at risk - they're also threatening Indigenous Peoples' human rights and way of life. © Barclays Bank PLC 3.3 Oil Sands and Oil Shale (Tar Sands) Oil Sands contain significant amounts of solid bituminous material (called kerogen) that can be extracted and processed into a crude oil substitute. Resources are predominantly located in Alberta in Canada, Venezuela and DRC. Barclays PLC (BARC.LN) has been urged to stop financing oil-sands projects by a group of institutional investors, after being named as Europe's largest banker for fossil fuels. Tar sands, or oil sands, is much more carbon intensive than regular oil to produce. Barclays said: “We are working to help tackle climate change, and we meet with ShareAction and other shareholders Thousands of Barclays customers have threatened to switch to another bank unless it promises not to invest in pipelines for oil from tar sands, dubbed the “dirtiest fuel on the planet”. A group of Barclays' investors has written to the boss of the bank urging him to stop funding companies involved in coal mining or oil sands exploitation. Barclays PLC (BARC.LN) has been urged to stop financing oil-sands projects by a group of institutional investors, after being named as Europe's largest banker for fossil fuels.

A group of Barclays' investors has written to the boss of the bank urging him to stop funding companies involved in coal mining or oil sands exploitation. The investors, including management firms Hermes EOS, Edentree, Boston Common and Sarasin & Partners, manage and advise on assets worth more than $1trn (£765bn) between them.

Thousands of Barclays customers have threatened to switch to another bank unless it promises not to invest in pipelines for oil from tar sands, dubbed the “dirtiest fuel on the planet”. A group of Barclays' investors has written to the boss of the bank urging him to stop funding companies involved in coal mining or oil sands exploitation. Barclays PLC (BARC.LN) has been urged to stop financing oil-sands projects by a group of institutional investors, after being named as Europe's largest banker for fossil fuels. The UK bank was targeted by Greenpeace protests last month over its policy on tar sands oil projects, notably in Canada. The activist group occupied a Barclays branch in London, and thousands of

13 Nov 2019 Extinction Rebellion specifically pointed to Barclays' funding of Arctic oil exploration, and the extraction of fossil fuel from tar sands - which 

Barclays PLC (BARC.LN) has been urged to stop financing oil-sands projects by a group of institutional investors, after being named as Europe's largest banker for fossil fuels. The UK bank was targeted by Greenpeace protests last month over its policy on tar sands oil projects, notably in Canada. The activist group occupied a Barclays branch in London, and thousands of A group of Barclays' investors has written to the boss of the bank urging him to stop funding companies involved in coal mining or oil sands exploitation. The investors, including management firms Hermes EOS, Edentree, Boston Common and Sarasin & Partners, manage and advise on assets worth more than $1trn (£765bn) between them. Barclays is the only UK bank still choosing to fund pipelines to take oil from Canada’s tar sands to market. Oil from the tar sands is difficult to extract, and uses a lot of energy to produce. As a consequence, a barrel of tar sands oil produces twice as much pollution as an average barrel of oil. We collected signatures from Barclays customers and other members of the public, calling on the bank to stop funding these toxic tar sands pipelines in Canada. For a bank whose operations in the UK largely focus on serving local customers, it’s so important that campaigns like this raise awareness among the same people. The tar sands are vast oil fields and mines in the Canadian province of Alberta. Seen from the sky, the tar sands reach beyond the horizon and seem to go on forever, resembling a painful scar on the Earth of epic proportions. The tar sands cover an area larger than England. Nearby riverbeds are visible as water levels strain under industrial use. Earn 5% back in Uber Cash for every ride and every Uber Eats order. Plus, earn $100 Uber Cash after spending $500 on purchases in the first 90 days.

7 Jan 2020 Tar sands, or oil sands, is much more carbon intensive than regular oil to produce. Barclays said: “We are working to help tackle climate 

14 Aug 2019 These institutions include Barclays PLC and National Australia Bank Ltd. not finance oil/tar sands extraction projects, and oil and gas projects  7 Jan 2020 Tar sands, or oil sands, is much more carbon intensive than regular oil to produce. Barclays said: “We are working to help tackle climate  in 2015, Barclays has provided more than US $85 billion of finance to fossil fuel companies and high-carbon projects such as tar sands and Arctic oil and gas . 19 Jul 2018 —Hannah Martin, Greenpeace U.K."Tar sands are a climate disaster," explained Greenpeace U.K. oil campaigner Hannah Martin. They "produce 

14 May 2019 Barclays continues to offer project finance for the expansion of the tar sands unlike international peers including HSBC and. BNP Paribas.12.

4 Dec 2019 campaigning attention to Barclays in particular due to the bank's continued investment in oil sands extraction, also known as tar sands, which  13 Nov 2019 Extinction Rebellion specifically pointed to Barclays' funding of Arctic oil exploration, and the extraction of fossil fuel from tar sands - which  23 Apr 2018 Now Barclays need to decide if it wants to be the only UK bank offering project finance to tar sands pipelines.” Annie Leonard, Executive Director  9 Nov 2019 Unlike most UK banks, Barclays are still willing to provide financial services for further Tar Sands exploitation and Arctic oil and gas exploration,  20 Mar 2019 Royal Bank of Canada, Barclays in Europe, Japan's MUFG, TD Bank, The Royal Bank of Canada topped the list on tar sands oil financing. 16 Jan 2019 This week, Britain's Barclays Bank released an energy and climate policy that sets tough guidelines for any lending or investment in oil sands 

9 Nov 2019 Unlike most UK banks, Barclays are still willing to provide financial services for further Tar Sands exploitation and Arctic oil and gas exploration,  14 Jan 2019 This morning, multinational investment bank Barclays announced a fails to apply adequate restrictions to coal and tar sands funding, it all but