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

Schroders' Madeleine Cobb: 'You won't get people to move with you if you don't understand their perspective'

Schroders' Madeleine Cobb: 'You won't get people to move with you if you don't understand their perspective'

Madeleine Cobb reflects on the daily 'pick-and-mix' of working in sustainability and how she can't remember a year where the plan set in January was the one delivered

Stuart Stone
clock 21 April 2026 • 6 min read
One third of UK investors prioritise sustainability over returns

One third of UK investors prioritise sustainability over returns

New survey from Rathbones suggests younger and wealthier investors are more likely to be willing to forego higher returns in pursuit of stronger sustainability performance

Linus Uhlig, Investment Week
clock 20 April 2026 • 1 min read
Energy efficiency fund SDCL set for wind-down after investors demand return of capital

Energy efficiency fund SDCL set for wind-down after investors demand return of capital

SDCL Efficiency (SEIT) said 'increasingly challenging' landscape meant it could 'no longer deliver returns that are acceptable to shareholders in its current structure'

Linus Uhlig, Investment Week
clock 10 April 2026 • 2 min read