Barclays Vows To Stop Financing Oil Sands Projects ...Middle East

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Barclays Vows To Stop Financing Oil Sands Projects
source : OILPRICE ( Middle East ) () 19
Barclays on Wednesday said it would no longer provide financing to oil sands companies or oil sands projects and tightened conditions for thermal coal lending in an updated policy, which fell short of announcing overall pledges or targets in funding oil and gas.   In the annual report for 2022 published today, the UK-based banking giant vowed not to provide financing for any oil sands projects, compared to a previous policy which stated that it would only provide financing to oil sands exploration and production clients that had projects to…

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