Police yesterday arrested seven people outside the London headquarters of Barclays PLC after environmentalists broke windows to protest the role of the financial sector in climate change.
The activists from the Extinction Rebellion group used hammers to break the windows and then pasted the message “In Case of Climate Emergency Break Glass” on the front of the bank’s building.
The group said the action was part of its “Money Rebellion” against the capitalist system that used “nonviolent direct action, causing damage to property to prevent and draw attention to greater damage.”
Photo: Reuters
It accused the bank of “continued investments in activities that are directly contributing to the climate and ecological emergency.”
“We have made a commitment to align our entire financing portfolio to the goals of the Paris Agreement, with specific targets and transparent reporting, on the way to achieving our ambition to be a net zero bank by 2050, and help accelerate the transition to a low-carbon economy,” a spokesman for Barclays said.
The group’s move against Barclays in the Canary Wharf business district came after protesters last week splashed black dye on the facade of the Bank of England in the City.
“You may dislike our action today, but I ask you to compare a crack in a window to funding wildfires and flooded homes,” said Sophie Cowen, a 30-year-old campaigner from London.
“We took action today because someone needs to raise the alarm, because broken windows are better than broken futures,” she said.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
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Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (US$7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page yesterday in Asia, after it tested the upper end of its trading band. That added to the HK$56.1 billion of sales versus the greenback since Friday. The rapid intervention signals efforts from the city’s authorities to limit the local currency’s moves within its HK$7.75 to HK$7.85 per US dollar trading band. Heavy sales of the local dollar by
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to