One third of ministers in the UK government, including top cabinet ministers, are linked to the UK finance and energy companies fuelling climate change, a new report from the World Development Movement reveals today.
If you walk down the high-street you will find them. Even though they are mostly associated with the City of London, they are present in towns and cities across the UK. Banks speculating on food are present from town centres to government corridors – and so we must be, if we want to challenge them.
Yesterday was the Barclays AGM in London. Together with two of my colleagues I went inside to ask the board of directors why they continue to help institutional investors to speculate on food, even though they are well aware that this pushes prices up and forces people into hunger.
Two years of concerted campaigning by WDM results in Barclays, the UK's biggest player in food speculation and one of the top three globally, announcing that it will no longer trade in food for speculative purposes.
Following a prolonged campaign by a coalition of Scottish NGOs and local pressure groups including WDM Scotland, plans for a new coal-fired power station in Hunterston, North Ayrshire are shelved.
After concerted lobbying by WDM supporters, French oil company Total postpones plans to mine tar sands deposits in one of the poorest regions of Madagascar.
The UK government puts £10 million of its climate finance towards the UN Adaptation Fund, and agrees to give the majority of its funds to the World Bank's climate adaptation fund as grants rather than loans.