Barclays Faces Investor Pressure to Halt Fracking Finance (1)

A group of 24 institutional investors with a combined $1.2 trillion of assets wants Barclays Plc to stop financing fracking, and argued a recent pledge by the British bank to restrict financing for companies that focus exclusively on fossil-fuel exploration and extraction doesn’t go far enough.

The Church of England Pensions Board, Cardano and AkademikerPension are among investors that signed a letter sent to the bank’s board and senior executives laying out the demands. The letter, which was coordinated by London-based nonprofit ShareAction, was timed to coincide with Barclays’ annual general meeting on Thursday.

“Investors, the public ...