SocGen plans to halt new oil, gas loans in strategy update
Societe Generale is planning to halt lending to some new oil and gas projects, as part of an updated strategy unveiled on Monday.
Societe Generale
Major investors urge big European banks to stop financing fossil fuels
A group of investors with combined assets of more than 1.5 trillion US dollars (£1.23 trillion) have written to five of Europe's biggest banks, including Barclays, urging them to stop lending to fossil fuel firms.
Offshore pioneers outline ambitious £10bn plans to electrify North Sea platforms with floating wind
A pair of offshore engineering specialists have revealed ambitious plans for a £10 billion floating wind project aimed at slashing emissions from UK oil and gas platforms.
African financing faces mounting challenges
International banks are increasingly reluctant to commit to African projects, although domestic banks are growing with an eye on filling this gap.
French banks disavow Total’s EACOP plans
Three French banks have committed not to provide project financing for the Total-led East African Crude Oil Pipeline (EACOP).
Bank-owned Bourbon emerges
Bourbon Maritime has emerged from bankruptcy and reorganisation, under which 1.5 billion euros ($1.83bn) of debt was cut.
Time to get tough over climate change
Don’t know about you but my patience with certain politicians, the oil and gas industry and indeed a few entire countries is running just a tad thin nowadays. Why? Because I am not seeing the progress in dealing with climate change that I should be seeing.