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Barclays bank to stop financing new oil, gas projects

There will be "no project finance, or other direct finance to energy clients, for upstream oil and gas expansion projects or related infrastructure", the lender added.

Barclays is Europe's biggest financier of fossil fuels, according to data cited by Reclaim Finance. (AFP)
By: NewVision Reporter, Journalist @NewVision

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LONDON - British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas projects, but still ran into fierce

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Oil and gas projects
Barclays Bank
Stops direct financing
Climate Change