Climate change activists target Bank of England and Barclays – business live

Mark Carney is giving a press conference after leaving UK interest rates on hold, as protesters urge action on climate changeCarney: Firms need to anticipate new climate rulesBank of England leaves rates on holdBarclays AGM disruptedEarlier:Introduction: Climate activists target Bank of EnglandActivists urge Bank to ‘green’ its bond-buying programme“Why I will be protesting against Mark Carney on Thursday” 3.00pm BST In other environmental-business news, Tesla launched a new $2.3bn fundraising drive.It is raising the cash by issuing new shares and debt. CEO Elon Musk is chipping in $10m personally, following pressure from Wall Street to bolster Tesla’s cash reserves.Analysts have been predicting for months that Tesla would need to raise funds for its expansion plans, which include the construction of a factory in Shanghai, the upcoming Model Y SUV, and the crucial ramp up of Model 3 sedan production.The immediate pressure may be off, now that Tesla has repaid $1.1 billion in convertible bonds that matured in November and March, but Elon Musk and his colleagues face another $566 million repayment this coming November, even as the company continues to consume cash rather than generate it.”“The debate over whether the firm needs to raise fresh capital is therefore not going to go away. Given the loyal band of shareholders he has and the company’s massive market capitalisation it would make sense for Mr Musk to do so. 2.27pm BST Just in: photos of climate change protesters being dragged away by security outside Barclays annual investor meeting in London this morning. Continue reading…
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