Climate activists targeted BlackRock, the world's biggest asset manager, in...
LONDON - Climate activists targeted BlackRock, the world’s biggest asset manager, in London on Monday, demanding that major financial institutions starve fossil fuel companies of the money they need to build new mines, wells and pipelines.
Activists thronged the financial heart of London on Monday, unfurling banners, addressing passersby by megaphone or blocking streets around locations including BlackRock, the Bank of England, Bank of China and Barclays. “The City of London is a preeminent nexus of power in the global system that is killing our world,” said Carolina Rosa, spokesperson for Extinction Rebellion.Police later ordered a halt to all assembly linked to Extinction Rebellion in London. At Trafalgar Square in the heart of the city, where demonstrators have pitched camp for the past week amid fountains at the base of Nelson’s Column, protesters began removing tents.
“The Climate and Ecological Emergency isn’t going away and we remain resolute in facing it. We urge the Government and the authorities to join us in doing the same,” the group said in a statement. “This is bigger than all of us.” Extinction Rebellion said that more than 1,400 people had been arrested in London since it launched its latest actions a week ago. A similar number has in total been arrested in 20 cities in countries including the Netherlands, Belgium, the United States, Australia, Canada and New Zealand.
Major oil companies have approved $50 billion of projects since last year that run contrary to the goals of the Paris Agreement, according to an analysis published last month by financial think-tank Carbon Tracker.Fossil fuel companies say they need to invest in new projects to meet future demand for energy, particularly in fast-growing regions such as Asia.
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