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A growing number of Swedish banks will start turning clients away if their businesses aren’t clean enough to justify new loans.
Jens Henriksson, CEO of Swedbank
Jens Henriksson, CEO of Swedbank
© AFP / Scanpix

Swedbank AB, Sweden’s biggest mortgage bank, just became the latest in the country to limit lending based on climate criteria. The Stockholm-based bank won’t provide fresh credit for new oil and gas projects. Nor will it provide funds to enable production in the Arctic.

Jens Henriksson,

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