Proposed EU banking rules to reduce lending to big polluters

European politicians have proposed sweeping changes to banking regulations that would make it almost impossible for lenders to finance companies involved in the fossil fuel industry.

Green and independent MPs’ proposals, included in a series of amendments to Basel IV banking reforms, would force banks to hold huge amounts of capital against loans to companies involved in oil and gas or coal exploration and production are active.

https://www.independent.ie/business/proposed-eu-bank-rules-to-slash-lending-to-big-polluters-41932851.html Proposed EU banking rules to reduce lending to big polluters

Fry Electronics Team

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