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Home » Finance » Dutch Bank ING Commits to Phasing Out Oil and Gas Financing by 2040, Boosting Renewable Investments
Finance

Dutch Bank ING Commits to Phasing Out Oil and Gas Financing by 2040, Boosting Renewable Investments

By Matthew WrightDecember 20, 20232 Mins Read
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Dutch lender ING has announced a comprehensive climate strategy update, revealing plans to cease financing oil and gas exploration and production by 2040. In an interview with Reuters, ING's Chief Executive, Steven van Rijswijk, disclosed that the bank aims to triple its new lending to renewable energy over the next two years. The move aligns

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