RBS to stop financing Arctic oil development, along with new coal plants and oil sands projects
The bank joins other large institutions, including HSBC, ING and BNP Paribas in adopting the restrictive new policies.
May 29, 2018
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LONDON — Britain’s Royal Bank of Scotland said on Tuesday it had tightened restrictions on project finance and general lending for high-carbon energy projects and companies, joining other banks like HSBC in shoring up its climate policies.
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