NatWest back into RBLs
NatWest has softened its fossil fuel lending policy, according to its full year results released on Friday.
The bank has removed bans on renewing or refinancing reserve‑based lending on oil and gas assets and offering reserve‑based lending for new oil and gas customers.
It has removed the ban on dealing with oil and gas majors that do not have transition plans aligned with the world's climate goals and the ban on upstream companies that have most of their assets outside the UK.
