Among the companies with policy, the most popular restrictions are the ban on various types of unconventional oil. More than a third of companies restrict work in the Arctic and oil sands, with fewer bans 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 the 54 rules for Arctic oil and gas, for example, do not use the common guidelines developed by a unit of the Arctic Council, a group of countries and peoples with land in the far north.
This post The financial sector’s climate promises leave plenty of room for oil and gas was original published at “https://www.bloombergquint.com/markets/climate-change-finance-industry-oil-and-gas-policies-fall-short”