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Investors Pressure European Banks to End Financing for New Oil and Gas Fields
February 24, 2023On February 7, a group of 30 investors, representing over $1.5 trillion of assets under management, wrote to the CEOs and board chairs of five major European banks “urging them to stop directly financing new oil and gas fields by the end of this year.” The banks are: Barclays, BNP Paribas, Crédit Agricole, Deutsche Bank and Société Générale.
