Deutsche Bank says it will no longer invest in fracking or Arctic oil as banks turn away from fossil fuels
on Monday it would no longer fund oil sand or new energy projects in the Arctic region, as banks become more conscious of their carbon footprint, and contributions to climate change.
By the end of 2020, Deutsche Bank said it would review all planned business activities that are highly dependent on coal in Europe and the US. The revamped fossil fuels policy provides a"strict framework" for financing and capital market transactions towards bank activities tied to coal, oil, and gas.
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