'Disappointing': Barclays has a new oil sands policy, but does it go far enough?

Cecilia Keating
clock • 5 min read
'Disappointing': Barclays has a new oil sands policy, but does it go far enough?

Update to fossil fuel financing policy sees firm enact new rules on tar sands and coal, but leaves controversial oil and gas financing policy intact

In a major update to its fossil fuel financing rules announced this morning, Barclays has said it will tighten lending criteria for coal power and end financing of oil sands exploration and production....

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

More on Energy

Could Europe's renewables drive combat the hostile actors working to 'weaponise' energy?

Could Europe's renewables drive combat the hostile actors working to 'weaponise' energy?

Chatham House urges EU to seek 'fresh understanding' of energy security, as white paper warns against false assumption that defence spending alone can keep bloc safe

James Murray
clock 27 January 2026 • 7 min read
'A national opportunity': Waste heat from data centres could warm 6.3 million UK homes

'A national opportunity': Waste heat from data centres could warm 6.3 million UK homes

Government urged to develop heat network infrastructure required to turn waste heat from data centres into low-cost heating for millions of households and businesses

clock 27 January 2026 • 4 min read
Transition Finance Council calls for increased investment in Long Duration Energy Storage sector

Transition Finance Council calls for increased investment in Long Duration Energy Storage sector

Transition Finance Council publishes roadmap outlining role of energy storage in supporting net zero transition and the growth of AI

clock 27 January 2026 • 4 min read