Barclays’ chair defended its record on climate change, saying there is “plenty of concrete evidence” it is on track to meet its financed emissions targets, at a feisty annual meeting that saw a number of protesters removed. At the bank’s AGM in Glasgow on Thursday, chair Nigel Higgins responded to a string of questions and loud heckles from climate campaigners slamming Barclays’ financing of fossil fuel extraction companies.
Barclays announced in February that it would no longer provide direct funding for new oil and gas projects, although campaigners criticised it for not ruling out financing companies that focus exclusively on fossil fuel extraction, including fracking.
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Barclays profit falls as mortgage lending and investment bank squeezedThe bank reported a group pre-tax profit of £2.3 billion for the first three months of the year, down 12 from last year.
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