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5.3

ING provided $908M in financing to North Sea oil developers despite climate policy

ING facilitated $908 million in loans and bonds for three companies developing new North Sea oil fields, contradicting its 2024 pledge to cease financing firms exclusively focused on new fossil fuel extraction. The discrepancy highlights potential gaps in the bank's enforcement of its climate commitments and may invite increased regulatory or reputational scrutiny.

Follow The Money3 days agoNL, GB, NOCredibility 30%View source

Score Breakdown

Mosaic Score5.3
Confidence0.9
Significance0.5
Source credibility0.3

Intelligence Tags

#banking#esg#fossil fuels#climate policy#corporate governance

Locations

North Sea

Entities

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Source

Related signals

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