Barclays

A British universal bank that supports consumers and small businesses through retail banking services, and larger businesses and institutions through corporate and investment banking services. Barclays is dedicated to the United Kingdom and aims to help its customers deal with the adjustments from Brexit vote.

58%

The Daily's Verdict

This news site has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on its reporting.

Bias

15%

Examples:

  • Barclays announces restrictions for new and non-diversified oil and gas clients engaged in expansion.

Conflicts of Interest

100%

Examples:

  • Barclays will not finance upstream oil and gas expansion projects or related infrastructure for new, non-diversified oil and gas clients engaged in expansion.

Contradictions

100%

Examples:

No current examples available.

Deceptions

50%

Examples:

  • Barclays claims to support energy companies to decarbonise while refusing to finance their expansion projects.

Recent Articles

  • Barclays Announces End to Finance for Upstream Oil and Gas Expansion Projects

    Barclays Announces End to Finance for Upstream Oil and Gas Expansion Projects

    Broke On: Wednesday, 31 January 2024 Barclays has announced that it will stop providing finance to energy clients for upstream oil and gas expansion projects or related infrastructure, as well as unconventional oil and gas. The bank is also imposing restrictions on methane reduction targets, venting and flaring, and near-term net zero aligned Scope 1 and 2 targets. Additionally, Barclays will phase out financing to all clients engaged in thermal coal mining.