UBS adds new fossil fuel lending restrictions

• A number of major banks have tightened finance criteria in recent months and years. But climate activists say some of the policies, including JPMorgan Chase's new guidelines, have major gaps.

The bank said it would apply enhanced environmental guidelines for ultra-deepwater drilling and liquefied natural gas projects.

• For LNG, that means "considering relevant factors such as management of methane leaks, and the company's past and present environmental and social performance."

Go deeper: Why big banks are breaking up with some fossil fuels