You are here

Prices & Quotes - UK Markets - Barclays (BARC)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 181.54p
Change Today:
4.44p
Market Cap:
30,850m
Sector:
Banks

Big banks invest $3.8bn in financing fossil fuel companies since 2015

By Caoimhe Toman

Date: Wednesday 24 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Sixty of the world's biggest banks provided $3.8bn of financing for fossil fuel projects from 2016 to 2020, revealed a report by a coalition of NGOs.
Fossil fuel financing dropped 9% last year, alongside the worldwide drop in demand for fossil fuels and production due to the Covid-19 pandemic.

Yet the levels reached in 2020 remained higher than in 2016.

Funding for the world's 100 fossil fuel companies with the biggest expansion plans actually rose by 10%. Citi was the biggest financier of these 100 companies in 2020.

However, for the five years up to 2020, JPMorgan Chase was the top banker fir fossil fuels, though its funding did drop significantly last year, said the report.

Citi was close behind, in second place, followed by Wells Fargo, Bank of America, RBC, and MUFG. Barclays took the cake in Europe and Bank of China was the worst in China.

The report also took aim at the fact that funding from JPMorgan Chase, Citi, and Bank of America was despite their voicing support for the Paris Agreement to combat climate change.

Regarding banks' future-facing policies to restrict financing for fossil fuels, the report said that UniCredit had the strongest policy overall, though it only earned about half of the available points.

Of the 60 banks concerned, 17 had committed to stop fossil fuel funding by 2050 and turn 'net zero', but the report labelled their pledges as "dangerously weak, half-baked, or vague".

It also called on banks to completely prohibit financing for all fossil fuel expansion projects and for all companies expanding fossil fuel extraction and infrastructure along the entire value chain.

Lenders were urged to protect the rights of indigenous people and commit to measure, disclose, and set targets to zero out the absolute climate impact of their overall financing activities on a 1.5C-aligned timeline, including short-, medium-, and long-term targets.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Barclays Market Data

Currency UK Pounds
Price 181.54p
Change Today 4.44p
52 Week High 189.18p
52 Week Low 91.55p
Volume 59,865,118
Shares Issued 16,993m
Market Cap 30,850m
Beta 0.03

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Dividend Yield
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 13
Buy 0
Neutral 8
Sell 1
Strong Sell 0
Total 22
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Barclays Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Feb-21 08-Aug-19
Paid 01-Apr-21 23-Sep-19
Amount 1.00p 3.00p

Trades for 07-May-2021

Time Volume / Share Price
17:07 12,000 @ 181.54p
16:35 12,928,405 @ 181.54p
16:29 1 @ 181.56p
16:29 36,955 @ 181.51p
16:29 7 @ 181.52p

Barclays Key Personnel

Finance Director Tushar Morzaria
CEO James E Staley