Bank of England 'failing climate' with Covid-19 stimulus programme
by Jasper Jolly from on (#5287S)
Activists say inclusion of oil firms' debts in bond scheme breaks new governor's promises
The Bank of England has been accused of failing to live up to its tough talk on the climate crisis after it revealed it would buy debt from oil companies as part of its coronavirus stimulus programme.
The oil firms BP, Royal Dutch Shell and Total are among the companies whose subsidiaries' debts are eligible for the Bank's bond purchases, according to an indicative list published on its website this week.
Income subsidies
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