 Language

Report Climate Risk Divestment Energy Investment Trends Energy Markets Institutional Investors Oil Industry Oil Sands Risk Disclosure Stranded Assets Transition Denmark France Germany Italy Netherlands Norway Spain Sweden Switzerland UK

Global financial corporations get cracking on major oil/gas lending exits

October 01, 2020

Tim Buckley and Saurabh Trivedi

Download Full Report

Key Findings

Fifty globally significant financial institutions have introduced policies restricting oil sands and/or oil and gas drilling in the Arctic including 23 to date this year, highlighting global capital continues to flee fossil fuels.

Of those, the world's largest multilateral lender, the European Investment Bank (EIB) has the strictest and best policy, announcing in 2019 that it will be out of all oil and gas by the end of next year.

Accelerating divestment from oil and gas shows similar early trends to global financial institution's exit from coal

Tim Buckley

Tim Buckley, Director, Climate Energy Finance (CEF) has 30 years of financial market experience covering the Australian, Asian and global equity markets from both a buy and sell side perspective.

Go to Profile

Saurabh Trivedi

Saurabh Trivedi is a Sustainable Finance Specialist at IEEFA. His focus is on analysing global investment flows into clean energy and fossil fuel sectors with a specific attention to debt investment.

Go to Profile