Non-profit ShareAction and more than 20 investors with $1.24tn in assets under management will call on Barclays at its May 9 annual meeting to commit to “explicit restrictions” on financing for all companies exclusively focused on fossil fuel extraction, as well as to make its fracking policy global.
A global policy would include North America where most of Barclays’ fracking clients are based, according to ShareAction, which co-ordinated a letter issued on the day of the bank’s AGM.
