'Orderly transition': HSBC ditches new oil and gas financing, Barclays ups clean tech investment goal

Michael Holder
clock • 6 min read
Credit: iStock
Image:

Credit: iStock

Major banks enhance their climate efforts, with HSBC promising to 'phase down' fossil fuel finance and Barclays hailing success of green investments to date

Two of the UK's leading banks have today moved to bolster their climate commitments, with HSBC announcing it will no longer finance new oil and gas fields and Barclays confirming a new target to ramp up...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Poll: 80 per cent of UK public support pensions being invested in renewable energy

Renewables are set for massive growth by 2030 - but will it be enough?

More on Investment

Poll: 80 per cent of UK public support pensions being invested in renewable energy
Investment

Poll: 80 per cent of UK public support pensions being invested in renewable energy

YouGov poll finds more than half of Reform voters and over 70 per cent of Tory voters support their pensions being invested in renewables

Michael Holder
Michael Holder
clock 08 October 2025 • 3 min read
The growing importance of 'social impact investing' in green business
Investment

The growing importance of 'social impact investing' in green business

Social impact investment, if we prioritise it, can unlock technology that could have an immense impact on communities, otherwise key innovations and opportunities risk being overlooked, writes Key Fund's Jane Austin

Jane Austin, Key Fund
clock 07 October 2025 • 4 min read
Royal London launches three sustainable funds
Investment

Royal London launches three sustainable funds

New funds expand the pension provider's range of sustainable funds to nine

Martin Richmond, Professional Pensions
clock 07 October 2025 • 1 min read