He said the change to its upstream oil and gas policy could affect 25 of ING's clients representing around 1 billion euros of lending, which is a small fraction of the bank's overall 656 billion ...

LONDON (Reuters) -ING Groep NV will no longer finance new oil and gas projects, its energy chief said, becoming the biggest bank yet to commit to such a step in the fight against climate change.

ING Groep NV has emerged as the only global systemically important bank to agree to test a new framework for ensuring that climate claims made by the finance industry are actually credible.