NatWest will next week publish plans to halve emissions created by projects it finances by 2030. 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, refinance or extend loans for upstream gas projects from the start of 2026. “We want to ensure our capital is being used to support a transition while continuing to reduce the financing of harmful emissions,” Rose said. “I hope this sends a strong signal that we are serious about ending the most harmful activity while financing the transition,” she added. Rose made the announcement as she trailed the release of the bank’s first climate transition plan, which is due to be unveiled alongside the bank’s full-year results next Friday. The plan, which will be one of the first released by a UK bank, will give a sector-by-sector breakdown of how NatWest will halve the emissions created by the projects […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
