Barclays Bank pulls plug on new oil and gas projects
Oil infrastructure in the Albertine. NEMA says the Tilenga and the EACOP projects were done in accordance with the laws of Uganda. File photo
Barclays has announced it will no longer provide direct funding for new oil and gas projects.
The banking giant said in a statement that it will restrict lending to energy businesses that plan to expand their fossil fuel production.
Barclays is a major lender to the fossil fuel industry, but has been coming under mounting pressure to curb its support for the sector.
According to a report
beylikdüzü escort,istanbul escort,beylikdüzü escort,ataköy escort,esenyurt escort,avcılar escort,bakırköy escort,esenyurt escort,esenyurt escort,avcılar escort,beylikdüzü escort