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Email On Thursday, Britain’s biggest domestic bank announced it would stop direct financing to develop new oil and gas fields. Alongside its announcement, Lloyds updated its climate policy, which now prevents project financing or reserve-based lending to greenfield (i.e., new) oil and gas projects. https://www.cadwalader.com/resources/articles/green-finance-britains-largest-domestic-bank-to-cease-direct-financing-of-oil-and-gas-fields