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Oil refiners struggle to access financing as banks shun fossil fuel projects

(OIL PRICE) – Access to financing has become more complicated for oil refiners as banks are increasingly looking to reduce their exposure to fossil fuel projects, according to refining executives. “If you have the word ‘refinery’ anywhere in your title, you’re not going to get finance,” Alwyn Bowden, chief executive officer of Malaysia’s Pengerang Energy… ....

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Oil Refiners Struggle for Financing as Banks Shun Fossil Fuels

Oil Refiners Struggle for Financing as Banks Shun Fossil Fuels
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Oil refiners struggle for financing as banks shun fossil fuels

Fossil fuel plant owners are now pressed to show that their businesses have cleaner-energy goals to secure funding. Read more at straitstimes.com. ....

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