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

LONDON – Lloyds of London mentioned on Tuesday it had suggested its staff and market individuals to not come to their Metropolis of London headquarters on Tuesday and was buying and selling remotely after local weather activists blocked a number of entrances to the constructing.

Extinction Revolt mentioned greater than 60 individuals had gathered on the insurance coverage market’s flagship constructing to demand it “cease insuring fossil fuels together with coal, tar sands, oil and gasoline.”

Protestors used superglue, chains and bike locks to dam entrances with the goal of forcing Lloyd’s to shut for the day, the group mentioned. Climbers additionally scaled the surface of the constructing and dropped a banner which mentioned ‘Finish fossil fuels now’.

“Lloyd’s helps protected and constructive engagement on local weather change and we’re persevering with to work to help a accountable transition,” a spokesperson for Lloyd’s mentioned.

“Within the pursuits of our individuals’s security, we now have suggested company staff and market individuals to not come to the constructing as we speak. The market stays open and buying and selling is constant on-line utilizing our distant capabilities.”

Police mentioned they had been conscious of the protest and had officers on the scene.

The protest fashioned a part of the local weather activists’ “April Revolt” which requires additional disruption throughout the nation with the intention to push Britain to finish all new fossil gasoline funding.

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