RBS pulls support for coal and Arctic oil

BusinessGreen staff
clock
 RBS has tightened its lending rules for fossil fuel industries
Image:

RBS has tightened its lending rules for fossil fuel industries

Banking giant tightens investment rules in bid to become low-carbon leader

The Royal Bank of Scotland will no longer provide project financing for new coal-fired power stations, thermal coal mines, oil sands or Arctic oil projects, in an overhaul of its investment rules yesterday....

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

More on Investment

Fuelling the transition: How investors can really move the dial on sustainable energy

Fuelling the transition: How investors can really move the dial on sustainable energy

Investors need to look carefully at how this capital is allocated towards renewables in order to maxmise the impact, writes Octopus Group co-founder Chris Hulatt

Chris Hulatt, Octopus Group
clock 23 December 2021 • 5 min read
Greencoat Capital's 5MW Cocket Valley Farm in Swansea. Credit: Greencoat Capital

Schroders snaps up majority stake in renewables investor Greencoat Capital in £358m deal

Transaction will see pioneering green energy investor renamed Schroders Greencoat within Schroders' private markets division

Cecilia Keating
clock 21 December 2021 • 2 min read
A mock-up of what Rolls-Royce hopes will be one of many small modular nuclear power plants | Credit: Rolls Royce

Rolls-Royce claims UK SMR nuclear arm 'fully funded' after £85m Qatar backing

Some £490m of public and private investment has now been raised to support the British engineering giant’s small nuclear reactor vision

Cecilia Keating
clock 21 December 2021 • 3 min read