NatWest to End Ties to Some Clients Over Pollution: FT

Author of the article: Bloomberg News Jim Silver By Jim Silver (Bloomberg) — NatWest Group Plc plans to stop doing business with a group of coal companies and it will end lending to some oil-and-gas majors over their lack of “credible” green plans, the Financial Times reported, citing a company report and James Close, its…
NatWest to End Ties to Some Clients Over Pollution: FT

Author of the article:

Bloomberg News

Jim Silver

By Jim Silver

(Bloomberg) —

NatWest Group Plc plans to stop doing business with a group of coal companies and it will end lending to some oil-and-gas majors over their lack of “credible” green plans, the Financial Times reported, citing a company report and James Close, its head of climate change.

Close told the newspaper the number of companies affected is “relatively small.” He said it’s “dozens and less.” The energy companies that will still be able to borrow from the British bank are mainly those “that aren’t doing any more upstream oil and gas production,” he said.

The changes are to be enforced “as soon as is practicable,” NatWest said Friday in its climate disclosure report, the FT said.

To view the source of this information click here

©2022 Bloomberg L.P.

Bloomberg.com

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Portuguese Vote to Choose Premier to Oversee Economic Rebound
Read More

Portuguese Vote to Choose Premier to Oversee Economic Rebound

Author of the article: Bloomberg News Joao Lima and Henrique Almeida (Bloomberg) — Portugal is holding early parliamentary elections on Sunday and will pick a prime minister to oversee the economy’s recovery from the pandemic. It’s the third time the Portuguese head to the polls since the pandemic started, after a presidential election and local…
Alphabet unit Waymo says ready to launch driverless vehicle services in San Francisco
Read More

Alphabet unit Waymo says ready to launch driverless vehicle services in San Francisco

Author of the article: SAN FRANCISCO — Alphabet Inc’s Waymo unit said on Monday that it is ready to remove safety drivers from its autonomous vehicles in San Francisco, without elaborating on the timeframe for launching fully driverless services. Waymo in August started giving autonomous rides free of charge to a limited number of people…
Authentic Brands withdraws IPO plans
Read More

Authentic Brands withdraws IPO plans

Author of the article: Apparel chain operator Authentic Brands Group on Wednesday filed to withdraw its plans for an initial public offering in the United States. (Reporting by Manya Saini in Bengaluru; Editing by Shailesh Kuber) Advertisement This advertisement has not loaded yet, but your article continues below. Financial Post Top Stories Sign up to…