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By Guy Faulconbridge
LONDON, Oct 14 (Reuters) - Climate change activists targeted
London's financial district on Monday blocking Bank junction,
vowing a day of disruption for major institutions which they
said were financing an environmental catastrophe.
Extinction Rebellion protesters blocked the streets around
Bank in the heart of the City of London.
"The City of London is a preeminent nexus of power in the
global system that is killing our world," said Carolina Rosa,
spokesperson for Extinction Rebellion.
The activists will target major financial institutions which
they say are financing fossil fuel exploration and
infrastructure. A mock trial of the financial sector will take
place at shortly after midday.
The group, which promotes a rebellion against the political,
economic and social structure of the modern world to avert the
worst devastation outlined by scientists studying climate, is
engaged in two weeks of civil disobedience in London.
Police said there had been more than 1,300 arrests since the
protests began.
"There are currently protesters blocking roads around Bank
Junction," the City of London Police said on Twitter, which has
previously warned of disruptive demonstrations on Monday.
Extinction Rebellion wants non-violent civil disobedience to
force governments to cut carbon emissions and avert a climate
crisis it says will bring starvation and social collapse.
Bank of England Governor Mark Carney has said the financial
sector must transform its management of climate risk, warning
that global warming would prompt reassessments of the value of
every single financial asset.
Carney has been a leading voice among regulators in warning
of the risks climate change poses to the stability of the global
financial system. He has led various international initiatives
to improve supervision and disclosure.
"Climate disclosure must become comprehensive, climate risk
management must be transformed, and sustainable investing must
go mainstream," he told a United Nations climate summit last
month.
(Reporting by Guy Faulconbridge; editing by Michael Holden)
