Protestors target Lloyds AGM over coal investments
Protestors are targeting the Lloyds Bank AGM in Edinburgh today, accusing it of destroying people’s lives and fuelling climate change by bankrolling the global coal industry.
Protestors from the World Development Movement (WDM) are displaying placards reading ‘Lloyds: Stop Bankrolling Coal’ and will play on Lloyds’ marketing with a banner reading ‘Because Climate Change Matters’.
WDM says that Lloyds has invested a total of £3.4 billion since 2009 in mining giants BHP Billiton, Anglo American and Glencore Xstrata, the companies behind the massive Cerrejón mine in Colombia. Cerrejón is the biggest coal mine in South America and is fiercely opposed by local people.
Climate and energy campaigner Alex Scrivener from WDM commented: “The coal industry is destroying lives and livelihoods on every continent with the help of Lloyds and the other coal-addicted big banks. For the sake of the people suffering from coal mining, and the sake of the global climate, Lloyds should pull out of coal.”
Last month the protestors targeted Barclays over the same issue.