Jupiter AM adds to fossil fuel transition pressure on Barclays

Mike Sheen
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Barclays has now seen 11 institutional investors build a green transition plan
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Barclays has now seen 11 institutional investors build a green transition plan

Jupiter Asset Management has become the latest investor to put pressure on Barclays Bank to phase out the provision of financial services to the fossil fuel sector and utilities that are not aligned with the Paris climate goals.   Barclays, which is the "world's sixth largest backer of fossil fuels", with exposure of more than $27bn, according to lobbying charity ShareAction, has now seen a group of 11 institutional investors build a transition plan, including Amundi, EdenTree and the UK's...

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