Displaying items by tag: banking systems

Christian Aid have cut ties with Barclays over the bank’s investments in oil and gas industries. The bank is known to be one of Europe’s leading funders of fossil fuels. Sarah Edwards from Just Money Movement said, ‘I think charities, companies, churches, and individuals are all having to think now more about what our money is doing, and the kind of world that our money is shaping. I think that's a really positive step. And we're really pleased that Christian Aid have done this. Money shapes the kind of world we want to see. Banks don’t just sit on our money when it is in a current or savings account, they invest it, they lend it, and use it in different ways. Some of those ways we might not be happy with.’ Barclays said it will set an ambition to become net zero by 2050, as addressing climate change is an urgent and complex challenge.