Several oil and gas projects won't receive financing from Britain's Royal Bank of Scotland (RBS) any more, Reuters reported. The bank said they won't offer project-specific finance for Arctic oil and oil sands projects, new coal-fired power stations, new thermal coal mines, or unsustainable peatland or vegetation clearance projects. RBS Director of Sustainable Banking Kirsty Britz said, "The RBS of 2018 is very different to the bank we were a few years ago. If we're going to support our customers...
from Inhabitat - Green Design, Innovation, Architecture, Green Building https://inhabitat.com/rbs-will-cease-financing-new-coal-stations-arctic-oil-or-oil-sands-projects
via Inhabitat
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