Youngstown/Warren Barclays' New Net-Zero Policies Highlight Growing Climate Ambition Gap by Banks Across the Atlantic
February 10, 2024
February 10, 2024
WASHINGTON, Feb. 10 -- The Sierra Club issued the following news release:
Today, Barclays, the largest bank in Europe, published an updated energy policy, which includes a commitment to stop financing new oil and gas expansion projects, exclude financing of unconventional oil and gas projects including those in the Amazon, and restrict corporate financing for some energy companies expanding fossil fuels. While the policy is a promising step in the right direction, it remains limited . . .
Today, Barclays, the largest bank in Europe, published an updated energy policy, which includes a commitment to stop financing new oil and gas expansion projects, exclude financing of unconventional oil and gas projects including those in the Amazon, and restrict corporate financing for some energy companies expanding fossil fuels. While the policy is a promising step in the right direction, it remains limited . . .