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Home » News » Barclays Updates Climate Change Policy, Shifts Financing Focus Away from Upstream Oil and Gas
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Barclays Updates Climate Change Policy, Shifts Financing Focus Away from Upstream Oil and Gas

By Oliver HughesFebruary 11, 20242 Mins Read
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Barclays announced revisions to its Climate Change Statement, outlining a shift in its financing approach away from certain segments of the energy sector. The banking giant stated it will no longer provide project finance or direct financing to clients involved in upstream oil and gas expansion projects or related infrastructure. Under the updated policy, Barclays

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