A group of Barclays shareholders coordinated by responsible investment lobby group ShareAction want the bank to phase out financing fossil fuels, stepping up pressure on one of Europe’s biggest funders of the sector. Eleven institutional investors have filed a resolution to be voted on at Barclays’ annual meeting in May, requiring the bank to set out plans to stop providing all financial services to firms not aligned with the Paris climate agreement. The pressure on Barclays comes at a time when shareholders, prompted by activists and mounting public concern, are increasingly urging the companies they invest in to do more to combat the climate crisis. Up to now, investors have largely focused their collective efforts on big oil and gas companies responsible for producing fossil fuels, with resolutions […]