gasworld.com

Gasworld is a news platform that covers global industrial gas news and intelligence. It provides current and topical news on its media platform, as well as hosting globally recognised events and providing in depth market analysis via its Business Intelligence unit.

53%

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

10%

Examples:

  • Barclays pulls upstream gas expansion project financing
  • Barclays will stop project or other direct finance to energy clients for upstream oil and gas expansion projects or related infrastructure under its revised Climate Change Statement.

Conflicts of Interest

50%

Examples:

  • Barclays will not finance energy group whose shared aggregate share of production in Oil Sands, Extra Heavy Oil, Hydraulic Fracking in the UK/EU, and Arctic Circle, exceeds 20% of their total oil and gas production.
  • Barclays will not fund clients engaged in exploration, appraisal, development and production of oil and gas in the Amazon Biome.

Contradictions

10%

Examples:

  • Barclays pulls upstream gas expansion project financing
  • Barclays will stop project or other direct finance to energy clients for upstream oil and gas expansion projects or related infrastructure under its revised Climate Change Statement.

Deceptions

85%

Examples:

  • Barclays will not finance energy group whose shared aggregate share of production in Oil Sands, Extra Heavy Oil, Hydraulic Fracking in the UK/EU, and Arctic Circle, exceeds 20% of their total oil and gas production.
  • Barclays will not fund clients engaged in exploration, appraisal, development and production of oil and gas in the Amazon Biome.
  • Barclays will phase out financing to all clients engaged in thermal coal mining by January 1st, 2030.

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.