The UK's Royal Bank of Scotland (RBS) will stop lending money to major oil and gas producers that do not align themselves with the Paris Agreement's goal of limiting global warming. The move is part of a growing wave of pressure from institutional investors and banks that has prompted oil companies to step up their efforts to curb emissions of greenhouse gases (pi). As part of its recent annual earnings presentation, RBS said it will "stop lending and underwriting to major oil and gas producers without a credible transition plan in line with the 2015 Paris Agreement by [the] end of 2021."
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