Latest News

Climate activists block Amsterdam highway in protest against ING


Climate activists block Amsterdam highway in protest against ING By Reuters

Breaking News


Stock Markets

Published Dec 30, 2023 12:39
Updated Dec 30, 2023 13:45

© Reuters.

AMSTERDAM (Reuters) -Climate activists blocked a major highway in Amsterdam on Saturday to demand an immediate end to the financing of fossil fuel projects by the country’s largest bank, ING.

Hundreds of activists walked onto the A10 highway to the south of the city at about noon (1100 GMT), police said, after road authorities had shut the road down to avoid casualties.

Organised by the Extinction Rebellion group, the protest took place at the site of the former headquarters of ING, which the climate activists said is the main financer of fossil fuel projects in the Netherlands.

ING said earlier this month it would stop financing oil and gas exploration and production by 2040 and triple new lending to renewable energy over the next two years as part of an updated climate strategy.

But the protesters said this was not enough, calling on the bank to immediately ditch all fossil projects.

ING called those demands “radical and unrealistic” and said Extinction Rebellion’s actions were “unacceptable”, as it referred to prior protests at ING offices where the bank said employees had been intimidated.

“The capacity and infrastructure to quickly switch to 100% renewable energy simply is not there yet,” ING said. “We want to be part of the solution, instead of opting for the easy way out of fossil fuels.”

Images on local TV station AT5 showed protesters including children and elderly people peacefully sitting and walking on the highway, waving banners and flags.

Police said in a statement they were looking for a way to peacefully end the demonstration.

Amsterdam’s city council had banned the A10 protest, instead allocating a nearby field for the demonstration, but protesters climbed up the embankment and onto the highway.

Climate activists block Amsterdam highway in protest against ING

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information

© 2007-2023 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Swiss financial watchdog wants to examine clawing back bankers’ bonuses

Previous article

I’ll never spend New Year’s Eve in Times Square again — and I’ll never make a ‘bucket list’ of things to do before I die 

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News