Analysing the quality of oil & gas policies

The good, the bad and the in-between of the oil and gas policies adopted by financial institutions

0%

of financial institutions assessed still have no oil and gas policy.

0

financial institutions assessed have committed to restrict their support to oil and gas developers.

0%

of financial institutions assessed have not adopted any commitments to limit their support to the development of LNG infrastructure.

0

oil and gas policies adopted or updated since January 2023.

Why track oil and gas policies?

Science is clear. It is imperative to stop developing new upstream and midstream oil and gas projects and rapidly reduce the global oil and gas productionin order to avoid a climate breakdown.

Banks, insurers and investors are increasingly adopting decarbonization targets for the oil and gas sector but these are, on their own, insufficient to achieve a 1.5-aligned decline of the oil and gas industry. In fact, meeting this challenge requires banks, insurers and investors to also adopt robust oil and gas policies that immediately tackle oil and gas expansion while progressively drying up financial services to the whole industry.

The Oil and Gas Policy Tracker is designed to track the commitments taken by top financial institutions worldwide, highlight the good practices, and expose the flaws and loopholes to be avoided. Its primary objective is simple: to ensure that the financial sector is adopting effective oil and gas policies to forcefully contribute to the 1.5°C climate goal.

Financial institutions must tackle the oil and gas industry in addition to the coal sector, the exit of which remains a major challenge. Moreover, phasing out all financial services to the fossil industry won’t be possible without financial institutions increasing their support to sustainable energies. Please check our Coal Policy Tracker and Sustainable Power Policy Tracker.

Use the tracker

441 financial institutions are assessed in the Oil & Gas Policy Tracker. Last policy update: 22/02/2024

This financial institution has one of the most robust oil and gas policies.

This financial institution has informed Reclaim Finance that it is working on a new policy which is expected to be published soon.

NA The criterion does not apply to this type of financial institution.

Reclaim Finance could not give a definite score and has contacted the financial institution for clarification.

How to read the resulsts

The other trackers