Subscribe to our Mailing Lists (It's free!)
Wednesday, June 7, 2023
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    IMO training Indonesian port security officials

    IMO training Indonesian port security officials

    suez canal

    Tanker breaks down in Suez Canal causing brief disruption

    Lessons learned: Always ensure you have an accurate picture of the traffic situation before departure

    Lessons learned: Hand injury while using manual torque tool

    Lessons learned: Fumigant poisoning fatality on board MV Jupiter

    Lessons learned: Fumigant poisoning fatality on board MV Jupiter

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Book Review: A role model for ship managers

    Book review: The politics of sustainability in the Arctic

    contemplation as a spiritual practice

    Contemplation: Directing the mind towards what’s important

    power of hug

    The power of hugging: How it affects our health

    Impostor Syndrome

    Mental Health Focus: How to deal with Impostor Syndrome

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    LPG Market Outlook

    Avance Gas signs contract for for two LPG carriers

    IMO’s submission to United Nations Bonn Climate Change Conference

    IMO’s submission to United Nations Bonn Climate Change Conference

    KR approves developed methanol-fueled MR tanker

    KR approves developed methanol-fueled MR tanker

    Chile, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping to develop green corridors

    Chile, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping to develop green corridors

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    New Mission to Seafarers app strengthens welfare support

    New Mission to Seafarers app strengthens welfare support

    ABS awards AIP to SHI for structural health monitoring system

    ABS awards AIP to SHI for structural health monitoring system

    guidelines for data ownership

    ZeroNorth and Sedna to use email data for greener global trade

    StormGeo and Kongsberg Digital join forces for digital innovation

    StormGeo and Kongsberg Digital join forces for digital innovation

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
    AMSA bans second vessel in a week

    AMSA bans second vessel in a week

    Ship detentions in Paris MoU in February 2021

    AMSA bans bulk carrier Babuza Wisdom for 90 days

    tanker arrested in singapore

    AMSA convicts master and company after pilot ladder injury

    amsa planned maintenance fic

    OCIMF Annual Report 2023: Key amendments and additions under SIRE 2.0

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    NAPA, Simwave to improve access to stability training for seafarers

    NAPA, Simwave to improve access to stability training for seafarers

    How to break patterns that can result to bad habits

    How to break patterns that can result to bad habits

    ONE takes delivery of massive 24,000 TEU container ship

    ONE takes delivery of massive 24,000 TEU container ship

    Nor-Shipping supporting profitable #PartnerShips

    Nor-Shipping supporting profitable #PartnerShips

  • Columns
    Ship recycling: A solution for plastic pollution and environmental protection

    Ship recycling: A solution for plastic pollution and environmental protection

    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    eu ets maritime

    The EU’s objectives for sustainable shipping

    Trending Tags

    • Book Review
    • Career Paths
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Wellness Corner
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    IMO training Indonesian port security officials

    IMO training Indonesian port security officials

    suez canal

    Tanker breaks down in Suez Canal causing brief disruption

    Lessons learned: Always ensure you have an accurate picture of the traffic situation before departure

    Lessons learned: Hand injury while using manual torque tool

    Lessons learned: Fumigant poisoning fatality on board MV Jupiter

    Lessons learned: Fumigant poisoning fatality on board MV Jupiter

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Book Review: A role model for ship managers

    Book review: The politics of sustainability in the Arctic

    contemplation as a spiritual practice

    Contemplation: Directing the mind towards what’s important

    power of hug

    The power of hugging: How it affects our health

    Impostor Syndrome

    Mental Health Focus: How to deal with Impostor Syndrome

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    LPG Market Outlook

    Avance Gas signs contract for for two LPG carriers

    IMO’s submission to United Nations Bonn Climate Change Conference

    IMO’s submission to United Nations Bonn Climate Change Conference

    KR approves developed methanol-fueled MR tanker

    KR approves developed methanol-fueled MR tanker

    Chile, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping to develop green corridors

    Chile, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping to develop green corridors

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    New Mission to Seafarers app strengthens welfare support

    New Mission to Seafarers app strengthens welfare support

    ABS awards AIP to SHI for structural health monitoring system

    ABS awards AIP to SHI for structural health monitoring system

    guidelines for data ownership

    ZeroNorth and Sedna to use email data for greener global trade

    StormGeo and Kongsberg Digital join forces for digital innovation

    StormGeo and Kongsberg Digital join forces for digital innovation

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
    AMSA bans second vessel in a week

    AMSA bans second vessel in a week

    Ship detentions in Paris MoU in February 2021

    AMSA bans bulk carrier Babuza Wisdom for 90 days

    tanker arrested in singapore

    AMSA convicts master and company after pilot ladder injury

    amsa planned maintenance fic

    OCIMF Annual Report 2023: Key amendments and additions under SIRE 2.0

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    NAPA, Simwave to improve access to stability training for seafarers

    NAPA, Simwave to improve access to stability training for seafarers

    How to break patterns that can result to bad habits

    How to break patterns that can result to bad habits

    ONE takes delivery of massive 24,000 TEU container ship

    ONE takes delivery of massive 24,000 TEU container ship

    Nor-Shipping supporting profitable #PartnerShips

    Nor-Shipping supporting profitable #PartnerShips

  • Columns
    Ship recycling: A solution for plastic pollution and environmental protection

    Ship recycling: A solution for plastic pollution and environmental protection

    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    eu ets maritime

    The EU’s objectives for sustainable shipping

    Trending Tags

    • Book Review
    • Career Paths
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Wellness Corner
  • 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

IMO’s submission to United Nations Bonn Climate Change Conference

Passengers evacuated after experiencing engine room fire

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

New Mission to Seafarers app strengthens welfare support

New Mission to Seafarers app strengthens welfare support

June 7, 2023
LPG Market Outlook

Avance Gas signs contract for for two LPG carriers

June 7, 2023
MARITIME EVENTS

Explore

  • Safety
  • SEAFiT
  • Green
  • Smart
  • Risk
  • Others
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Contact

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • 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 Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Book Review
    • Career Paths
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Wellness Corner
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2021 SAFETY4SEA

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