Sat 28 August 2021:
As part of a “blood money” march against the City of London’s funding of the fossil-fuel industry, climate activists sprayed red paint on the entrance to Standard Chartered’s building.
Hundreds of protestors, who had assembled outside the Bank of England, have now congregated outside the 10-story structure, two of whom are above the revolving doors. A section of the Guildhall, the district’s administrative hub, has also been vandalized.
Targeting city’s financial heart, Extinction Rebellion protesters continued their protests on Friday in London.
Hundreds of protesters gathered midday in front of the Bank of England to protest against the government for a system change for a better future for the planet.
A group of drummers and protesters marched through the City of London, the city’s financial hub where dozens of financial institutions are located.
Two protesters painted the sign and the entrance of Standard Chartered building after climbing its front gate. Police formed a cordon to block protesters from entering the building.
The group continued to march through the district and reached the Museum of London, where two demonstrators glued themselves to the windows of a building.
The organization’s “Impossible Rebellion” protest demands an end to investment in the fossil fuels driving climate change.
“The City of London is the arch-financier of the carbon economy,” Tim Crosland, a lawyer and a coordinator at Extinction Rebellion, told journalists last week. “It supports 60% of carbon emissions around the world and hosts companies like BP, Shell, Glencore and Russian fossil-fuel producers.”
According to the report by the Global Sustainable Investment Alliance last month. And financing fossil-fuel companies remains a major source of business for many banks.
The Extinction Rebellion protests come only two months before the UN climate summit COP26 to be hosted by the UK on Oct. 31-Nov. 12.
World leaders are expected to meet in Glasgow “to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change.”
More than 200 protesters have been arrested so far, according to police. In similar protests from the group in 2019, more than 1,600 people were arrested.
The group says protests will continue this weekend and during the Monday bank holiday.
Scientists warned earlier this month that unless significant steps are taken to reduce greenhouse gas pollution, the planet could rise by 1.5 degrees Celsius in the next two decades, exceeding the goal set by world leaders when they signed the Paris Agreement in 2015.
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