Barclays Faces Vote on Fossil Fuels

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May.05 — Barclays Plc. is facing a new shareholder proposal on climate at the annual general meeting which aims to convince the bank to divest from fossil fuels. Barclays is Europe’s largest fossil fuel financier and the plan would bring it into line with the Paris climate agreement. Barclays has its own net-zero framework, however, and that has historically resisted letting go of polluting assets. Bloomberg’s Dani Burger reports on “Bloomberg Daybreak: Europe.”

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