{
Stephen Hester

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001122334455554433221100

nordea shareholders reject fossil fuel lending resolution amid growing criticism

Nordea shareholders overwhelmingly rejected a proposal to halt fossil fuel lending, with 95.36% voting against it. The bank has provided $641 million in loans to upstream oil and gas companies over two years, despite being part of the Net-Zero Banking Alliance. Critics highlighted Nordea's financing of the controversial East African Crude Oil Pipeline and called for a shift away from fossil fuel investments, but the bank's leadership emphasized the need to support Norway's oil and gas economy.
Netzeroinvestor
United States Dollar BlackRock, Inc. Nordea Bank Abp Danske Bank A/S Total Handelsbanken Asien Tema (A1 EUR) TZA UGA DNK NOR SWE Stephen Hester Show more
Finance & Economy, News Article
15:11 20.03.2025
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