On October 19, 2023, climate activists organized a protest in front of the British Bank Barclays office in Canary Wharf, London. Pics/AFP & Fossil Free London
Updated On: 2023-10-19 08:33 PM IST
Compiled by : Sanjana Deshpande
The demonstration was part of a series of protests coinciding with the Energy Intelligence Forum held in London from October 17 to October 19.
Activists blocked the entrance to the bank by sitting on the pavement, utilizing chants like "oily money out," and displaying yellow flags and banners.
A previous protest on Tuesday took place in Park Lane, where oil executives had assembled for the Energy Intelligence Forum.
Fossil Free London, an environmental organization, alleged that JP Morgan has been a significant financier of fossil fuel projects since the Paris Agreement.
The Paris Agreement, adopted by governments worldwide, seeks to restrict global temperature increases to 1.5 degrees Celsius above pre-industrial levels.
Activists emphasized that JP Morgan is reaping substantial profits amid growing global inequality and the increasing devastation caused by the climate crisis.
The protesters advocated for a cessation of new fossil fuel investments or financing by JP Morgan.
They also urged that a portion of the bank's considerable profits be directed towards addressing loss and damage incurred by communities affected by climate change, in addition to funding adaptation and mitigation measures.
The protest aimed to hold financial institutions accountable for their role in climate-related issues and the funding of fossil fuel projects.