Climate love

Marine Stephan

16 w


Climate love

This bank will stop funding oil and gas extraction

The UK bank NatWest has announced it will stop offering loans to new customers who want to fund oil and gas exploration, extraction, or production projects.
The bank’s chief executive, Alison Rose, said similar steps would be taken to phase out the oil and gas funding for existing customers, meaning the bank would refuse to renew, refinance or extend loans for upstream gas projects from 2026.
“We want to ensure our capital is being used to support a transition while continuing to reduce the financing of harmful emissions,” Rose said.
This will be part of NatWest’s first climate transition plan.

Read more:

Do you agree?

139 more agrees trigger scaled up advertising

  • Sarah Chabane

    16 w

    Great decision! More banks need to take climate action and stop funding our extinction

    • We Don't Have Time

      16 w

      Dear Marine Stephan Thank you for getting your climate love to level 2! We have reached out to NatWest and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time

      • Kamau WA Githinji

        16 w

        great move by the bank, hope all investors can take such a Stance, we would go miles on saving the environment

        • Munene Mugambi

          16 w

          No funding, no fossil fuels. A good step by the bank

          • Tabitha Kimani

            16 w

            Once funds for continuing with extractions become limited, they will scale down their operations. The banks should also increase funding renewable energy.

            • Kevin

              16 w

              This is fascinating news.New developers must seek ways of adapting to clean energy sources

              • Waigwa Monica

                16 w

                Good work! the banks factoring in ESG in their lending decisions is vital.

                Welcome, let's solve the climate crisis together
                Post youtube preview with preloading
                youtube overlay

                Write or agree to climate reviews to make businesses and world leaders act. It’s easy and it works.

                Write a climate review

                Voice your opinion on how businesses and organizations impact the climate.

                Open for Climate Dialogue™

                Certified accounts actively looking for your opinion on their climate impact.

                126.4k trees planted

                One tree is planted for every climate review written to an organization that is Open for Climate Dialogue™.

                Download the app

                We plant a tree for every new user.