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
7 February 2025
The history of tin production and prices offers a preview of the future oil market. If correct, $35/bl could become the new normal for crude for several years without further OPEC+ intervention
7 February 2025
Changing oil demand patterns mean different downstream economics amid switch to naphtha, LPG and other petrochemicals
6 February 2025
Policy initiatives will take time to reverse declining output, and restoring investor confidence is far from certain
6 February 2025
This premier event is poised to address the evolving technology and investment demands of North America’s thriving chemical and pharmaceutical sectors