Barclays establishes new energy transition group

“At Barclays, we have long believed the energy transition will effectively re-shape how businesses and the world are thinking about the transition to net zero,” said Cathal Deasy, Global Co-Head of Investment Banking. “The creation of this new team is a natural evolution and further enables us to better serve as a lead advisor to clients in the energy and power sectors and presents a powerful One Barclays opportunity to drive value for shareholders.”

The new team will be comprised of industry sector specialists from within Barclays’ global Natural Resources, Power, and Sustainable and Impact Investment Banking teams. It will form a powerful centre of excellence that will provide a broad spectrum of expertise regarding the energy transition, including hydrogen, energy transition finance, carbon capture, renewables, nature-based solutions, and renewable natural gas.

Barclays was one of the first global banks to announce a 2050 net zero ambition and is committed to reducing its financed emissions in support of this. The bank has a target to facilitate US$1 trillion of Sustainable and Transition Financing between 2023 and the end of 2030.

Read the article online at: https://www.hydrocarbonengineering.com/the-environment/12012024/barclays-establishes-new-energy-transition-group/