HSBC and other major banks provide more than $32bn to Oil & Gas companies
- Last Updated on February 21, 2022
- Midstream & Downstream Oil & Gas
- Upstream Oil & Gas
Drilling new oil wells and tapping new gas reserves using funding from large banks appears to defy international accords and weaken attempts to hasten the transition to renewable energy sources, according to research. Banks play a critical role in the transition away from fossil fuels, and several joined the UN-backed Net-Zero Banking Alliance (NZBA) in
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