Industry News, Trustworthy Insights

Popular Companies:

Barclays Insight: Inside The New Environmental Policy

Barclays recently announced a major policy shift: the bank will no longer provide direct funding for new oil and gas extraction projects.

Barclays is the UK's leading financier in the oil and gas sector. Photo: Getty Images
Barclays is the UK’s leading financier in the oil and gas sector. Photo: Getty Images

This decision is a key part of Barclays’ Transition Finance Framework, a strategic move towards environmental sustainability and reduced investments in climate-impacting activities.

Starting in 2025, Barclays will also restrict financial support to companies heavily involved in fossil fuel production, particularly if their expansion spending exceeds 10% of their budget.

Laura Barlow, Barclays’ Head of Sustainability, highlighted the bank’s commitment to aiding the transition to greener energy sources.

Industry news used by professionals

Try £4.99 per month

Already a member?
Weekly Digest

All the week’s industry events straight to your inbox.

Before your sign up, please read terms of use and privacy policy.

Trending

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to our terms of use and privacy policy.

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Password Reset

You will soon receive a Reset Password link

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to terms of use and privacy policy.

Send us your article

[formidable id=3]