European banks move away from fossil fuels post-COP28
Crédit Agricole and ING have both announced steps to phase out fossil fuel investments from their portfolios faster than planned.
COP28 was the first climate conference to clearly articulate the need to move away from fossil fuels, and two European banks have clearly got the message: Crédit Agricole and ING have both announced steps to phase out fossil fuel investments from their portfolios faster than planned.
Dutch bank ING says it will phase out upstream oil and gas financing by 2040, citing the decision made at COP28 as the reason for this move.
