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Extinction Rebellion protest against Bank of England's carbon-intensive bailouts

CLIMATE-change activists gathered outside the Bank of England (BoE) this morning to protest against its most recent carbon-intensive bailouts.

Fake oil was poured on the road outside the bank in the City of London by Extinction Rebellion activists displaying a banner reading: “No dirty bailouts.”

Spokeswoman Clarissa Carlyon said: “By failing to attach green conditions to the nearly £18 billion Covid corporate financing facility loans recently handed out, the government and the BoE are condemning the future of the hard-working families they claim to support.”

She argued that Chancellor Rishi Sunak’s so-called green jobs package had already been undermined, not just by the huge loans given to destructive industries but also by the bank’s ongoing lending policies, which she called a “criminal contravention” of the Paris accord on climate change and a “death sentence” for the planet.

The loans include £1.6 billion to pesticide companies, £1.8bn to airlines, £1.3bn to oil and gas firms, £1.6bn to the fashion industry and £795 million to the car industry, Ms Carlyon noted.


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