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Issue 50: Banks walk different paths to net-zero oil; coal programme under fire

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Kenneth Lim

Kenneth Lim

Published Fri, May 19, 2023 · 07:00 PM
    • Singapore’s three banks have taken fundamentally different approaches to decarbonising their financed emissions in the oil and gas sector.
    • Singapore’s three banks have taken fundamentally different approaches to decarbonising their financed emissions in the oil and gas sector. ILLUSTRATION: KENNETH LIM

    In this issue: Singapore banks’ split positions on oil and gas reflect the complexity of decarbonising a major contributor to climate change; in Indonesia, a coal transition programme faces obstacles.

    Singapore

    No consensus on cleaning up oil and gas

    OCBC announced its net zero emissions strategy this week, the last of the three Singapore banks to do so. DBS and UOB had released their respective decarbonisation policies in 2022.

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