Major Banking Shift: Barclays Breaks the Mold, No Longer Funding New Oil and Gas Fields Directly
London, UK – In a monumental step towards combatting climate change, Barclays, one of the world’s largest banks, has declared its intention to discontinue direct financing of new oil and gas fields. This decision comes as part of the bank’s commitment to aligning its activities with the goals set in the Paris Climate Agreement.
