Activists urge major banks to halt financing for controversial North Sea oil field

Over 80 organizations, including Make My Money Matter, Greenpeace UK, and Global Witness, have collectively penned letters to the chief executives of 12 major banks, imploring them to cease financing a company involved in the contentious development of the Rosebank oil field in the North Sea.

The targeted banks, including NatWest, Lloyds, and HSBC, have been urged to halt funding for Ithaca Energy, an oil and gas operator partnering with Norwegian major Equinor in the Rosebank development, a project situated northwest of the Shetland Islands.