Barclays
#1 in Europe for fossil fuel financing.
Your bank is failing on climate responsibility.
Barclays is Europe's largest fossil fuel financier, having poured at least $235 billion into coal, oil, and gas since the Paris Agreement. For every dollar it directed to fossil fuels in 2021-2024, just 47 cents went to sustainable power.
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Far from slowing down, Barclays has accelerated. In 2024 alone it committed $35.4 billion to fossil fuels, a 55% jump on the previous year, making it the seventh-largest fossil fuel financier in the world. Of that, $12.9 billion bankrolled fossil fuel expansion: new oil fields, new pipelines, new gas plants, despite IEA warnings against any new fossil supply.
To Barclays' credit, it has been a member of the Partnership for Carbon Accounting Financials since 2020 and contributes to its working groups. But in August 2025 it abandoned the Net-Zero Banking Alliance, and major UK charities including Christian Aid and Oxfam have publicly moved their banking away, citing its fossil fuel record.
Your bank may be ignoring the Paris Agreement.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
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