NatWest tightens fossil fuel financing rules as it ups green lending to £17.5bn

Michael Holder
clock • 3 min read
NatWest's Bishopsgate head quarters in London | Credit: NatWest Group
Image:

NatWest's Bishopsgate head quarters in London | Credit: NatWest Group

Bank unveils 'most extensive TCFD disclosure to date' backed by plans to restrict financing to UK-based oil and gas firms

NatWest has further restricted its lending to oil and gas firms, after a year which saw it ramp up its climate and sustainability funding and financing to £17.5bn. In what it claims to be its most extensive...

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 Investment

 EthiFinance and ESG Book merge to create new European sustainability and credit rating agency

EthiFinance and ESG Book merge to create new European sustainability and credit rating agency

EthiFinance and ESG Book have announced a deal that aims to create one of Europe's largest independent credit and sustainability rating agencies

clock 10 July 2026 • 2 min read
Quinbrook UK and Ireland renewables fund attracts £587m in investor backing

Quinbrook UK and Ireland renewables fund attracts £587m in investor backing

Investor commitments to firm's latest Renewables Impact Fund exceeds £500m target to support projects across the UK and Ireland

Stuart Stone
clock 08 July 2026 • 3 min read
Severn Trent Water escapes fine for 'serious' past failings after slashing sewage spills

Severn Trent Water escapes fine for 'serious' past failings after slashing sewage spills

Water supplier accepts 'unacceptable' past sewer and drainage duty breaches, but avoids fine from Ofwat after investing in infrastructure upgrades that have reduced pollution spills

Michael Holder
clock 08 July 2026 • 3 min read