Deutsche Bank tightens coal finance policy but not oil and gas

  • 📰 ReutersScience
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Deutsche Bank on Thursday tightened its coal financing policies but has yet to change its criteria for the oil and gas industries, drawing criticism from climate activists.

Deutsche Bank in recent years has marketed itself as a lender that firms can turn to as they transition to a greener future, a strategy it views as central to its own turnaround and boosting profits.

Deutsche said its financing of the oil and gas sector declined by more than 20% last year, which it attributed to the bank's exit from Russia and its cessation of support for Russian gas companies rather than an active decision to stop financing certain providers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 559. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Noodles & Company offering free meals for restaurant workers on ThursdayNoodles & Company is offering free meals to Phoenix restaurant employees on Thursday, March 2, in honor of Employee Appreciation Day. MORE ⬇️
Source: abc15 - 🏆 263. / 63 Read more »