North American Banks Boost Fossil Fuel Funding as European Lenders Retreat ...Middle East

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Regional banks in North America have been striking more deals to lend money to the oil, natural gas, and coal industry in recent years, while many European lenders have either shrunk financing for fossil fuels or pledged to lower their exposure to the sector. As a result of the ongoing shift in financing deals in the fossil fuels sector, North American banks are not competing with European lenders for financing oil and gas anymore. Regional banks Texas Capital Bank, Truist Securities Inc, FHN Financial, Cadence Bank, BOK Financial Corp, and Canadian…

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