London-listed energy and engineering giant Wood has secured a £430m government-backed green transition loan – the first of its kind in the fight against climate change. Firms operating in the UK’s “industrial heartlands”, like Aberdeen-headquartered Wood, will be backed by the government in its bid for net-zero emissions by 2050, the government said in a statement.
The firm’s shares dipped 0.59 percent to 237p per share following the announcement. UK Export Finance (UKEF) will offer Wood an 80 percent Transition…The UK Is Paving The Way For A New Type Of Energy Financing
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