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
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
