Financial institutions go green
Lenders shift towards cleaner investments to align with Paris Agreement targets
Financial institutions are pushing ahead with a number of reforms of lending criteria to align with Paris Agreement objectives, leading to a tightening of lending requirements and a progressive shift away from financing fossil fuel projects, a climate corporate governance for financial institutions conference heard this week. French bank BNP Paribas is looking to phase out all financing to the outstanding loans to companies related to thermal coal by 2030 in the EU and 2040 for the rest of the world, Alexandra Basirov, the bank’s global head of sustainable finance for financial institutions, told the European Bank for Reconstruction and Development (EBRD) conference in London. The share of
Also in this section
11 August 2025
The administration is pushing for deregulation and streamline permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
8 August 2025
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
