Barclays, a one-time major oilsands lender, confirms end to financing including for new pipelines

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Barclays, a one-time major oilsands lender, confirms end to financing including for new pipelines
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London\u002Dbased Barclays had cut its oilsands lending exposure to zero as of the end of 2022, but a policy update formalizes the ban. Read on

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The London-based bank had already set restrictions around oilsands financing that had cut its lending exposure to zero as of the end of 2022, while the policy update released Wednesday formalizes the ban that also includes the financing of new oilsands pipelines.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

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