NatWest to end new business loans for oil and gas extraction
TheGuardian
FEBRUARY 9, 2023
Bank also plans to phase out similar lending for existing customers under its first climate transition plan NatWest has announced it will stop offering loans to new customers hoping to fund oil and gas exploration, extraction or production projects, as part of a wider climate transition plan due to be unveiled next week. The banks’s chief executive, Alison Rose, said similar steps would be taken to phase out the same funding for existing customers, meaning the bank would refuse to renew, refinan
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