Deutsche Bank tightens finance policy on coal, but not on oil and gas

Regine Richter, a campaigner at NGO Urgewald said the policy was "too little too late" and the lack of update on the bank's oil and gas policy "is pretty disappointing in the year 2023 when everyone can feel the effects of climate chaos".

"We are still financing the industry, because the world economy is still much too dependent on fossil fuels," Deutsche Bank Chief Sustainability Officer Joerg Eigendorf said. "We acknowledge we need to change this quickly and are actively supporting our clients to move in the right direction."

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Deutsche Bank tightens coal finance policy but not oil and gasDeutsche 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.
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