Deutsche Bank plans to close its Houston office as part of a pull-back from investment banking coverage of the U.S. oil and gas sector, according to an internal memo, the contents of which were Deutsche Bank - Oil & Gas for Beginners.pdf. Deutsche Bank - Oil & Gas for Beginners.pdf. Sign In. Details Deutsche Bank Global Financial Services Investor Conference Speech by Antony Jenkins, CEO Retail and Business Banking (PDF 0.1MB) Slide Presentation (PDF 0.1MB) Deutsche Bank 5th Annual Global Industrials & Basic Materials Conference . Doug Pike VP – Investor Relations June 4, 2014 . Sources: LYB estimates, third party consultants. Crude oil and natural gas data updated through April 2014. 9 . U.S. Crude Oil vs. Natural Gas Price . 12/04/2011 13/10/2014 25/06/2019
06/08/2020
By the end of this year, the bank will review all existing business activities in the global oil and gas industry. Deutsche Bank will also end its business in coal mining by 2025, at the latest. Jul 28, 2020 · Deutsche Bank is the leading German bank with strong European roots and a global network, according to its website. Founded in 1870, the bank is based in Frankfurt, Germany. To contact the author Jul 27, 2020 · Deutsche Bank , said on Monday it would end business worldwide with the companies most exposed to coal mining by 2025 at the latest, as part of a revamp of its policies on financing the fossil Deutsche Bank to stop global coal mining business activities by 2025, also halt oil sands funding Reuters: Deutsche Bank, in a revamp of its policies for fossil fuels, said on Monday that it would end business activities worldwide related to coal mining by 2025 at the latest. Jul 27, 2020 · Getty. Deutsche Bank said it will no longer finance oil sand or energy projects in the Arctic as part of its new fossil fuels policy. The German lender is cutting ties with fracking projects in Deutsche Bank has revamped its approach to fossil fuels, saying it will end global business activities related to coal mining by 2025 at the latest. The new fossils fuel policy applies to Jul 27, 2020 · “Deutsche Bank’s updated fossil fuel policy is the latest warning shot telling us that doubling down on coal, oil and gas will sink our economy while destabilizing the climate,” said
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The oilfield has historically been a place where brawny men, and mighty machines came together to bore holes deeply into the earth to wrest stores of oil and gas from the depths. This model, which Bank officials said the lender has also benefited from limited exposure to some troubled global sectors like cruise lines and tour operators, and smaller hotels, retail and oil-and-gas companies The bank, a multinational investment company headquartered in Germany, announced Monday that it will no longer offer financial services to new projects that involve drilling for oil or gas in the Arctic. The policy also states it will not fund any tar sand projects or fracking in areas that have low water supply. Jun 10, 2020 · Deutsche Bank Global Auto Industry Conference June 10, 2020. Safe Harbor Regarding Forward-Looking Statements Access to oil reserves can be costly and Aug 06, 2020 · EnerCom, Inc. is pleased to announce strong participation from the midstream sector as part of its 25th annual The Oil & Gas Conference. Event registration is open at www.theoilandgasconference.com. Oil & Energy Oil and Gas Discoveries at the Deutsche Bank 10th Annual Global Financial Services the same address approximately 24 hours following the conclusion of the conference. Deutsche Bank is taking steps to reducing its carbon footprint and contributions to climate change and will no longer fund oil or new energy projects in the Arctic region. The German bank will also end all fracking projects in countries with short water supply, and end its global coal mining business by 2025, according to a press release.
The German investment bank said it will review all of its existing business activities in the oil-and-gas sector by the end of 2020. The bank’s global business activities in the coal mining sector will come to an end by 2025 at the latest, while new coal-fired power plants will no longer be financed.
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Deutsche Bank adds that it by the end of 2020 will review all its existing business activities in the oil and gas sector. The game-changing move by the German bank is a big blow to the remaining part of the petroleum businesses that still look north for explorations of new fields. The German investment bank said it will review all of its existing business activities in the oil-and-gas sector by the end of 2020. The bank’s global business activities in the coal mining sector will come to an end by 2025 at the latest, while new coal-fired power plants will no longer be financed. By 2025 at the latest, Deutsche Bank will end its global business activities in coal mining to help drive the transformation to a sustainable economy. “Our new fossil fuels policy sets us a strict framework for our business activities in the oil, gas and coal sector,” said chief executive Christian Sewing, who also chairs Deutsche Bank’s Deutsche Bank , Germany’s largest bank, said on Monday that it will cease its involvement in the global coal mining industry by 2025 and reduce its exposure to other fossil fuel activities.