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Banks/Oil ExtractionBack
[Published: Monday September 27 2021]

 Banks fuelling expansion of oil-and-gas Arctic extraction

 
BRUSSELS, 27 Sept. - (ANA)  - Oil and gas firms are planning to ramp up their fossil-fuel extraction in the Arctic by more than 20 per cent over the next five years, partly thanks to the financial support they receive from the banking sector, according to a new report by Reclaim Finance.
 
France's Total is listed as the leading European energy firm when it comes to oil and gas expansion in the fragile polar region - with its production expected to increase by 28 percent over the next decade.  - (ANA) -
 
AB/ANA/27 September 2021 - - -
 
 
 

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