Good on them it just means the price of oil will skyrocket. Until they have the economic means to replace fossil fuel and that wont happen over night, In the mean time oil and gas are a necessary commodity.
Ross McEwan has pledged to consider the findings of the International Energy Agency’s landmark climate report in the bank’s yet-to-be-released policy on oil and gas after lobbying from environmental activists.A coalition of climate groups.
Banks will do what's best for it's shareholders and customers and are only paying lip service here.
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