Deutsche Bank says it will no longer invest in fracking or Arctic oil as banks turn away from fossil fuels

Getty Deutsche Bank said it will no longer finance oil sand or energy projects in the Arctic as part of its new fossil fuels policy. The German lender is cutting ties with fracking projects in countries with scarce water supply, and aims to end business activities in coal mining by 2025. By the of end 2020, Deutsche Bank will review all existing oil-and-gas businesses in Europe and the US, it said. For businesses in Asia, a review is expected to conducted in 2022 but that will likely take longer...