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KNOC bond clashed with banks’ own climate policies, NGO charges

Tar sands oil Canada Alberta from Alamy 31Mar21 575x375

An environmental activist institute has argued that the bookrunners of a Korea National Oil Corp $700m bond priced on Tuesday are being inconsistent with their own climate policies, and might even be taking legal risks, because of the issuer's exposure to tar sands oil production in Canada.

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