Grandson of one of conservation charity’s largest donors adds to criticism of relationship
Barclays PLCUK conservation charity the National Trust is under pressure to stop banking with Barclays from the grandson of one of its largest donors because of the lender’s funding of the fossil fuel industry.
The charity added it was “monitoring this situation in parallel with our strategy of engagement [with Barclays] and are palpably aware of the need to keep this stance under review”. Barclays has set a target to reduce its financed emissions in the energy sector by 40 per cent by 2030 and be “net zero” by 2050, but unlike some peers it continues to resist calls to stop funding new oil and gas projects.
Speaking to the FT, his grandson said that as a customer of Barclays, the National Trust was helping it fund fossil fuel projects.
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