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CLIMATE ACTION: St Albans Extinction Rebellion target banks for contribution to fossil fuel industry 

 Published on: 1st December 2020   |   By: Holly Bullen   |   Category: Uncategorized

St Albans bank staff were shocked to find an array of stickers and posters which had been left on their windows as part of action from the St Albans Extinction Rebellion group.

Towards the end of November staff of the Barclays and HSBC branches found posters drawing attention to the banks’ role in financing fossil fuels.

Stuck on the window of Barclays were stickers which placed blame on the bank for its position as the largest funder in Europe for funding fossil fuel project, declaring the bank as the second worst bank for biodiversity destruction.

One of the posters displayed on the window of the HSBC branch stated that the bank had provided £67billion to fund fossil fuel projects since the Paris climate agreement in 2015.

A spokesperson for St Albans Extinction Rebellion explained why the group targeted the banks.

They said: “We can all see the first impacts of the climate emergency – fires in California and Australia, flooding and deadly heatwaves in Europe, catastrophic storms in the Caribbean – and it will get much worse. And yet Barclays and HSBC continue to provide billions of pounds to support new fossil fuel extraction projects. That is inexcusable.”

“What is more, Barclays also finances oil and gas exploration in the Arctic, and tar sands extraction – the dirtiest and most damaging fossil fuel projects.”

“We would encourage all St Albans residents that bank with HSBC or Barclays to challenge their bank to stop funding fossil fuels. And if they don’t, to move to an ethical alternative. If you don’t, you could be inadvertently financing the climate emergency.”

The action in St Albans was part of a broader coordinated campaign by Extinction Rebellion which targeted banks across the UK.

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