- Barclays Plc (NYSE:BCS) has increased its equity capital investment into global climate tech startups from £175 million by 2025 to £500 million by 2027.
- The company said that after surpassing the existing £150 billion target and reviewing growth opportunities, Barclays announced a new target to facilitate $1 trillion of Sustainable and Transition Financing by the end of 2030.
- The bank said that the increase in its Sustainable Impact Capital investment mandate reflects the funding needed to continue existing efforts and support new investments.
- The push will focus on carbon capture and hydrogen technologies.
- In the last two and a half years, Barclays has invested £84 million into innovative startups, helping them to scale solutions to environmental challenges and fill their growth stage funding gaps.
- Barclays will continue investing in its product platform to facilitate this $1 trillion financing, including expanding sustainable debt financing and equity capital markets activity.
- Price Action: BCS shares are up 0.50% at $8.11 during the premarket session on the last check Wednesday.
NVIDIA To Rally Over 80%? Here Are 10 Other Analyst Forecasts For Monday
Credit Suisse lowered the price target for The Walt Disney Company (NYSE: DIS) from $126 to $122. Credit Suisse analyst Douglas Mitchelson maintained an Outperforn rating. Disney shares gained 0.4% to $86.27 in pre-market trading.
