Subscribe to our Mailing Lists (It's free!)
Wednesday, February 8, 2023
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    imo eunavfor

    IMO, EUNAVFOR: Shipping must be vigilant in Western Indian Ocean

    seafarers deaths lagos

    Nigerian owner denies deaths of seafarers onboard tanker

    turkey bulker grounded

    Bulker grounded off Turkey during storm

    uscg medevacs captain

    Watch: USCG medevacs bulker’s Captain off Louisiana

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    ISWAN: How crew demographics affect social life onboard

    What is the biggest obstacle to social life onboard?

    Pradeep Chawla

    Book Review: How justice can strengthen trust in any organization

    Pradeep Chawla

    Book Review: Want to predict accidents? Ask better questions

    Stay SEAFiT: How to create an enabling environment for change

    Stay SEAFiT: How to create an enabling environment for change

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    port everglades shore power

    Port Everglades: Shore power plan for cruise terminals

    monjasa green marine fuels

    New partnership promotes green marine fuels availability

    uk offshore supply chain

    UK: How to achieve net-zero future in offshore energy supply chain

    Shortlisted nominees announced for 2023 GREEN4SEA Awards

    Shortlisted nominees announced for 2023 GREEN4SEA Awards

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    ai smuggling

    A brief introduction to AI and its applications in the maritime industry

    imo gisis

    IMO: Call for views on effectiveness of Global Integrated Shipping Information System

    angola maritime single window

    IMO helps Angola port move ahead with maritime single window

    maersk ashdod port

    Maersk, Ashdod Port Company partner to drive logistics and supply chain innovation

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    seafarers seize ship

    Seafarers seize ship over owed wages and neglect

    fmc msc

    FMC: Order for MSC to justify congestion fees

    malaysia detains tanker

    Malaysia detains tanker carrying diesel without proper documentation

    five crew charged with manslaughter

    Five crew in custody charged with manslaughter

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    BIMCO: Record 112m tonnes Indian wheat harvest not seen benefitting global supplies

    BIMCO: Record 112m tonnes Indian wheat harvest not seen benefitting global supplies

    uscg medevacs captain

    Watch: USCG medevacs bulker’s Captain off Louisiana

    SAFETY4SEA ESG Climate Survey: Industry needs to focus on the three ESG dimensions equally

    BCG, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping launch the ESG Playbook for Shipping

    port everglades shore power

    Port Everglades: Shore power plan for cruise terminals

  • Columns
    ai smuggling

    A brief introduction to AI and its applications in the maritime industry

    ibia

    Blue Sky: Maritime stakeholders should focus on managing ESG risks and opportunities

    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    imo eunavfor

    IMO, EUNAVFOR: Shipping must be vigilant in Western Indian Ocean

    seafarers deaths lagos

    Nigerian owner denies deaths of seafarers onboard tanker

    turkey bulker grounded

    Bulker grounded off Turkey during storm

    uscg medevacs captain

    Watch: USCG medevacs bulker’s Captain off Louisiana

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    ISWAN: How crew demographics affect social life onboard

    What is the biggest obstacle to social life onboard?

    Pradeep Chawla

    Book Review: How justice can strengthen trust in any organization

    Pradeep Chawla

    Book Review: Want to predict accidents? Ask better questions

    Stay SEAFiT: How to create an enabling environment for change

    Stay SEAFiT: How to create an enabling environment for change

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    port everglades shore power

    Port Everglades: Shore power plan for cruise terminals

    monjasa green marine fuels

    New partnership promotes green marine fuels availability

    uk offshore supply chain

    UK: How to achieve net-zero future in offshore energy supply chain

    Shortlisted nominees announced for 2023 GREEN4SEA Awards

    Shortlisted nominees announced for 2023 GREEN4SEA Awards

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    ai smuggling

    A brief introduction to AI and its applications in the maritime industry

    imo gisis

    IMO: Call for views on effectiveness of Global Integrated Shipping Information System

    angola maritime single window

    IMO helps Angola port move ahead with maritime single window

    maersk ashdod port

    Maersk, Ashdod Port Company partner to drive logistics and supply chain innovation

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    seafarers seize ship

    Seafarers seize ship over owed wages and neglect

    fmc msc

    FMC: Order for MSC to justify congestion fees

    malaysia detains tanker

    Malaysia detains tanker carrying diesel without proper documentation

    five crew charged with manslaughter

    Five crew in custody charged with manslaughter

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    BIMCO: Record 112m tonnes Indian wheat harvest not seen benefitting global supplies

    BIMCO: Record 112m tonnes Indian wheat harvest not seen benefitting global supplies

    uscg medevacs captain

    Watch: USCG medevacs bulker’s Captain off Louisiana

    SAFETY4SEA ESG Climate Survey: Industry needs to focus on the three ESG dimensions equally

    BCG, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping launch the ESG Playbook for Shipping

    port everglades shore power

    Port Everglades: Shore power plan for cruise terminals

  • Columns
    ai smuggling

    A brief introduction to AI and its applications in the maritime industry

    ibia

    Blue Sky: Maritime stakeholders should focus on managing ESG risks and opportunities

    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

Swiss bank stops investing on offshore Arctic projects

by The Editorial Team
March 9, 2020
in Arctic, Offshore
Arctic projects

Above image is used for illustration purposes only

FacebookTwitterEmailLinkedin

According to Reuters, the Swiss UBS Bank decided to stop providing its support concerning drilling in the Arctic. In fact, the bank will stop funding future offshore oil and gas projects located in Alaska, amid efforts to face climate change.

Among others, the bank will stop providing finance for greenfield thermal coal mines and greenfield oil sand projects. UBS bank announced that has set new standards in order to boost a sustainable environment.

As the world’s largest truly global wealth manager, we have a responsibility to take a leading role in shaping a positive future for everyone, including future generations. We aim to be the financial provider of choice for clients who want to engage toward the achievement of the United Nations Sustainable Development Goals (UN SDGs), while helping achieve an orderly transition to a low-carbon economy.

…UBS Chairman Axel Weber said in a statement.

Moreover, UBS would offer finance to companies with more than 30% of reserves or production in Arctic oil or oil sands, if the funding is going to be used on renewable energy or conventional oil and gas assets.

RelatedNews

UK: How to achieve net-zero future in offshore energy supply chain

Equinor, SSE explore green hydrogen production for offshore wind farm

For the records, the bank’s funding to the energy and other utilities sectors, reported a drop of more than 40% billion during 2019, equivalent to just 0.8% of its total gross banking products exposure, down from 1.6% at the end of 2018.

The Swiss-based bank, has assets of more than $3.76 trillion and is playing a leading role relating sustainable investing.

In light of the situation, the New York-based bank JPMorgan Chase recently announced additional steps to address climate change and further promote sustainable development. Among others, the bank committed to stop financing coal-fired power plants or oil and gas exploration projects in the Arctic.

 

Tags: AlaskaArcticclimate changeFundingoil and gas industry

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

ai smuggling

A brief introduction to AI and its applications in the maritime industry

February 8, 2023
imo eunavfor

IMO, EUNAVFOR: Shipping must be vigilant in Western Indian Ocean

February 8, 2023

SEAFiT Poll

What is the biggest obstacle for the social life onboard?

Stay tuned for the results!

MARITIME EVENTS

Explore

  • Safety
  • Green
  • Smart
  • Risk
  • Others
  • Events
  • Plus

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Contact

RISK4SEA Facts

Did you know the port with the most detentions for 2020 in General Cargo? Novorossiysk (Russia) with 36 detentions in 312 inspections.

Learn more risk4sea.com

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Alerts
    • Accidents
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus

© 2021 SAFETY4SEA

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Disclaimer.