August 2021, Vol. 248, No. 8

Global News

Global News August 2021

European Bank Halts Upstream Investments, Maintains Midstream   The European Bank for Reconstruction and Development (EBRD) said it will stop investing in upstream oil and gas projects as part of plans to align its activities with the goals of the Paris Agreement on climate change by the end of 2022.   The lender’s board of governors approved the decision to align with the Paris accord during a meeting on its 30th anniversary. EBRD Managing Director Harry Boyd-Carpenter said this meant the bank was ceasing investment in oil and gas exploration and production.   “We will no longer invest in upstream oil and gas projects,” Boyd-Carpenter said, though did not specif

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Pipeline & Gas Journal magazine.

2) Start your full access subscription to Pipeline & Gas Journal and gain UNLIMITED access to this article, the current issue, all past issues in the technical archive, access to all special reports, special focus supplements and more. Pricing start at $395/year.   

*Access will be granted the next business day.

 

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}