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EBRD stops investing in upstream oil and gas to align with Paris goals | Hellenic Shipping News Worldwide

EBRD stops investing in upstream oil and gas to align with Paris goals
The European Bank for Reconstruction and Development (EBRD) will stop investing in upstream oil and gas projects as part of plans to align its activities with the goals of the Paris Agreement on climate change by the end of 2022, it said on Thursday.
The lender’s board of governors approved the decision to align with the Paris accord during a meeting on its 30th anniversary. EBRD Managing Director Harry Boyd-Carpenter told Reuters this meant the bank was ceasing investment in oil and gas exploration and production.
“We will no longer invest in upstream oil and gas projects,” Boyd-Carpenter said, though did not specify whether this applied to new or existing investment, or when the prohibition would come into force. ....

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EBRD stops investing in upstream oil and gas to align with Paris goals

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LONDON (Reuters) -The European Bank for Reconstruction and Development (EBRD) will stop investing in upstream oil and gas projects as part of plans to align its activities with the goals of the Paris Agreement on climate change by the end of 2022, it said on Thursday.
FILE PHOTO: The headquarter of the European Bank for Reconstruction and Development (EBRD) is seen in London, Britain, November 22, Britain 2016. REUTERS/Stefan Wermuth
The lender’s board of governors approved the decision to align with the Paris accord during a meeting on its 30th anniversary. EBRD Managing Director Harry Boyd-Carpenter told Reuters this meant the bank was ceasing investment in oil and gas exploration and production. ....

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EBRD newsletter - Friday 02 July

EBRD newsletter - Friday 02 July
ebrd.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ebrd.com Daily Mail and Mail on Sunday newspapers.

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EBRD stops investing in upstream oil and gas to align with Paris goals

EBRD stops investing in upstream oil and gas to align with Paris goals
whbl.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from whbl.com Daily Mail and Mail on Sunday newspapers.

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