NatWest confirms it is to stop lending to oil and gas projects

Michael Holder
clock • 5 min read
Credit: iStock
Image:

Credit: iStock

Banking giant sets out flurry of fresh green financing commitments as it gears up to release its first Climate Transition Plan next week, but campaigners argue it could pull forward new pledges

NatWest Group yesterday promised to stop providing loans for new oil and gas projects, while providing at least £10bn in lending to help improve the energy efficiency of UK homes, as the bank gears 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

More on Investment

Net Zero Banking Alliance votes to 'cease operations immediately'

Net Zero Banking Alliance votes to 'cease operations immediately'

Leading banks vote to ditch the climate group's membership model and transition into operating as a 'framework initiative' that provides guidance on decarbonisation and climate risk

Michael Holder
clock 03 October 2025 • 4 min read
More than £10m in water company fines pooled to fund clean up projects

More than £10m in water company fines pooled to fund clean up projects

Over 50 projects to tackle water pollution in rivers, lakes, and seas to access new funding pot

Stuart Stone
clock 03 October 2025 • 3 min read
Railpen publishes updated net zero plan

Railpen publishes updated net zero plan

£34bn pension scheme reveals it has cut portfolio emissions by 41 per cent over the past year

Martin Richmond, Professional Pensions
clock 03 October 2025 • 4 min read