ING Further Restricts Lending To The Oil And Gas Industry ...Middle East

ING is further restricting financing to the oil and gas industry, reducing the volume of traded oil and gas it finances and no longer financing midstream infrastructure for new oil and gas fields, the Netherlands-based bank said on Tuesday.   Last year, ING said it would aim to grow new financing of renewable energy by 50% by year-end 2025 and would no longer provide dedicated finance to new oil and gas fields. Under the policy from last year, ING doesn’t provide dedicated upstream finance – lending or capital markets –…

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