Log In

Reset Password
BERMUDA | RSS PODCAST

Lloyd's of London switches to remote trading after climate protests

First Prev 1 2 Next Last

LONDON, April 12 (Reuters) – Lloyd's of London said on Tuesday it had advised its employees and market participants not to come to their City of London headquarters on Tuesday and was trading remotely after climate activists blocked several entrances to the building.

Extinction Rebellion said more than 60 people had gathered at the insurance market's flagship building to demand it "stop insuring fossil fuels including coal, tar sands, oil and gas."

Protesters used superglue, chains and bike locks to block entrances with the aim of forcing Lloyd's to close for the day, the group said. Climbers also scaled the outside of the building and dropped a banner which said 'End fossil fuels now'.

"Lloyd's supports safe and constructive engagement on climate change and we're continuing to work to support a responsible transition," a spokesperson for Lloyd's said.

"In the interests of our people’s safety, we have advised corporation employees and market participants not to come to the building today. The market remains open and trading is continuing online using our remote capabilities."

Police said they were aware of the protest and had officers at the scene.

The protest formed part of the climate activists' "April Rebellion" which calls for further disruption across the country in order to push Britain to end all new fossil fuel investment.

An Extinction Rebellion climate change protester dances as drummers play during an action which closed down the Lloyds of London insurance company building for the day, in the City of London financial district of London, Tuesday, April 12, 2022. Extinction Rebellion are continuing a week of action and outreach. (AP Photo/Matt Dunham)
Extinction Rebellion climate change protesters sit chained and glued to a door as they take part in an action which closed down the Lloyds of London insurance company building for the day, in the City of London financial district of London, Tuesday, April 12, 2022. Extinction Rebellion are continuing a week of action and outreach. (AP Photo/Matt Dunham)

You must be Registered or to post comment or to vote.

Published April 12, 2022 at 11:38 am (Updated April 12, 2022 at 4:21 pm)

Lloyd's of London switches to remote trading after climate protests

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon