Published 11 days ago

Barclays accused of greenwashing over financing for Italian oil company

Summary by The Guardian

Experts say bank is misleading public over ‘sustainable’ financing for Eni as it vastly expands fossil fuel production Barclays is being accused by environmental groups of greenwashing after helping to arrange €4bn (£3.4bn) in financing for the Italian oil company Eni in a way that allows them to qualify towards its $1tn sustainable financing goal. Environmental groups have said the London-based bank is deliberately misleading the public

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The Guardian

Barclays accused of greenwashing over financing for Italian oil company

Exclusive: Experts say bank is misleading public over ‘sustainable’ financing for Eni as it vastly expands fossil fuel productionBarclays is being accused by environmental groups of greenwashing after helping to arrange €4bn (£3.4bn) in financing for the Italian oil company Eni in a way that allows them to qualify towards its $1tn sustainable financing goal.Environmental groups have said the London-based bank is deliberately misleading the publi…

11 days ago·London, United Kingdom

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