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Barclays accused of falling behind rivals as bank fails to rule out new oil and gas funding
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Barclays has refused to say whether it will restrict funding on new oil and gas projects, something climate experts have warned is needed to reach net-zero targets.
In its annual results on 15 February, the UK bank said it will stop bankrolling oil sands exploration and production companies, but did not update its policy on financing other oil and gas expansion, which currently allows the practice.
Shareholders had called...
Read more on fnlondon.comAbout this in other media
UK energy price cap falls to £3,280 from April but bills still on course to rise theguardian.com /1 year ago
Battered by Brexit, alarmed by poverty, the City is finding a new sense of purpose theguardian.com /1 year ago
UK risks falling behind Europe in controlling ‘forever chemicals’ theguardian.com /1 year ago
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