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Barclays climate strategy contains 'troubling loopholes'

The long-awaited climate strategy announced by UK lender Barclays has been described as "lacking ambition" and including "troubling loopholes" by climate investment campaigners.

HSBC, Standard Chartered and Barclays provide $12bn in fossil fuel financing in 2021

HSBC, Standard Chartered and Barclays have supported a combined $12 billion in fossil fuel financing in the first six months of 2021, which campaigners said undermines the climate pledges made by the lenders ahead of the COP26 climate summit in the country later this year.

Lloyd's commits to stop investing in coal, tar sands and Arctic energy exploration

HSBC faces criticism after Paris-aligned finance pledge

Banking giant HSBC has become the latest bank to commit to align its financed emissions - the carbon emissions of its portfolio of customers - to the Paris Agreement goal to achieve net zero by 2050 or sooner.