Christian Aid cuts ties with Barclays over fossil fuels financing

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Christian Aid, which had an income of £78.4 million last year, said it was dropping the UK bank over its “weak commitment” to rolling back fossil fuel financing. Dr Williams, who is also the former chairman of Christian Aid, said: “It is essential that banks like all public and corporate bodies be held accountable for the use of their resources in the context of our global emergency, and I welcome the clear stand that has been made by Christian Aid on this matter.” Meanwhile, Tony Burdon, executive director of Make My Money Matter, said: “Christian Aid’s decision shows the power of making your money matter – and sends a clear signal to Barclays that it’s time to stop their dangerous practice of financing fossil fuel expansion. “We hope all organisations follow Christian Aid’s lead, and make sure their money is complementing their values, not contradicting them.” Rev Darrell Hannah, chairman of Operation Noah, a Christian climate charity said: “As Barclays continues to fund fossil fuel companies’ exploration and development of new fields, it is imperative that Christians, and others, cease to do business with Barclays. “Christian Aid is to be congratulated for this momentous and, hopefully, trend-setting decision.” If you fund climate change, you fuel climate change Rev Helen Burnett, Christian Climate Action Rev Helen Burnett, a member of Christian Climate Action and volunteer fundraiser for Christian Aid, said: “There are many other charities still banking with Barclays.