UBS adds Arctic lending restrictions as ‘sustainable’ investments rise
The Swiss bank announced it will impose some Arctic-related limits to its energy investments.
LONDON — Switzerland’s UBS said the value of its ‘sustainable’ investments rose by more than 50 percent to nearly $500 billion in 2019, while lending to the energy and utilities sectors fell by 40 percent as it tightened its rules — including imposing restrictions on Arctic energy investments.
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