Barclays Faces Vote on Fossil Fuels

The video discusses the growing significance of financial resolutions at AGMs, particularly focusing on Barclays and HSBC. It highlights the challenges in passing climate resolutions, as seen with Berkshire Hathaway's recent vote. The discussion also covers the potential impact of these resolutions on banks' lending practices and the expectations for future votes.

What is required for a climate resolution to be voted on at an AGM?

• Media coverage

• Government intervention

• A threshold of shareholder support

• Approval from the CEO

Why are financial institutions becoming a bigger focus for climate resolutions?

• They are the easiest to influence

• They have a significant impact on fossil fuel financing

• They have the most employees

• They are the largest polluters

What challenge do banks face when trying to become greener?

• Difficulty in disentangling from fossil fuel financing

• Lack of technology

• Insufficient government support

• High operational costs

What was the outcome of Berkshire Hathaway's recent climate resolution vote?

• It was passed with majority support

• It was voted down

• It was postponed

• It was approved by the CEO

What is the hope of activists regarding future climate resolution votes?

• That companies will ignore them

• That more shareholders will support them

• That resolutions will be easier to propose

• That governments will enforce them