Barclays Shareholders Reject Second Climate Change Resolution
- Proposal by campaign group got 14% support in an investor vote
- Lender set own its climate goals after similar call last year
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For the second year in a row, Barclays Plc shareholders rejected a proposal that would require the bank to wind down its lending to the fossil-fuel sector.
Only 14% of shareholders gave their support to the idea at the bank’s annual general meeting on Wednesday, Barclays said in a statement. A group of individual investors coordinated by Australian nonprofit Market Forces filed the resolution in February that called on Barclays to bring its financing for coal, oil and gas companies in line with the goals of the Paris climate agreement.