Finance Industry’s Climate Promises Leave Plenty of Room for Oil and Gas – BloombergQuint

Among the companies with policies in place, the most popular restrictions are bans on several kinds of unconventional oil. More than a third of the firms limit Arctic and oil-sands work, with fewer prohibitions on shale and ultra-deepwater oil. Many of these policies are weak or flawed, according to Reclaim Finance and more than 15 NGO partners in the analysis. Forty-six of 54 rules governing Arctic oil and gas, for example, fail to use the common guidelines developed by a unit of the Arctic Council, a group of countries and peoples with land in the far north.

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