Extinction Rebellion protestors have blocked the entrance to Lloyds of London at 7am this morning, chaining and gluing themselves across the doors.
There were unconfirmed reports that Lloyds have halted trading in response, however Lloyds made a statement about the protest at 11am, denying trading had stopped.
“Lloyd’s supports safe and constructive engagement on climate change and we’re continuing to work to support a responsible transition,” a statement said.
“In the interests of people’s safety, we have advised Corporation employees and market participants not to come into the building today. The market remains open and trading is continuing using our remote capabilities.”
Approximately 40 of the climate activist group blocked themselves across more than 20 entrances to the building in protest of Lloyds of London insuring and reinsuring fossil fuels.
Many of the group were dressed up in costumes and held signs, and some scaled the building to hang a banner that said “End fossil fuels now”.
“We’re here to demand an end to all new fossil fuel investments and insurance,” Extinction Rebellion spokesperson Claire Walmsley said. “By underwriting the world’s most deadly fossil fuel projects, they are creating climate chaos – floods, famine, wildfires and death.
“Insuring new oil and gas projects in the North Sea, which was part of the government’s energy strategy, does nothing to solve the cost of living crisis. Instead, it locks us into a system that’s already pushing millions into poverty.”