In an interview with the Financial Times published on 19 September, Steven van Rijswijk, the chief executive of ING, said that the Dutch bank had put its clients on notice that it would either restrict or stop providing finance to companies that fail to address their carbon footprint on a case-by-case basis. Additionally, from 2025, the bank will no longer offer extra funding for LNG export terminals, a decision in line with the International Energy Agency’s recommendations. Fresh funding for upstream oil and gas businesses exploring untapped geographical areas will also be halted.
