Dutch bank ING is to call a halt to the financial backing of all pure-play upstream oil and gas companies working in either development or production and exploration of new fields. The decision will come into effect immediately. The new plan was revealed on Thursday in the bank’s 2024 Climate Progress Update. The decision has taken in support of the International Energy Agency (IEA)’s 2050 net-zero pathway, which includes strategies such as improving energy efficiency in existing fields, as well as stopping new oil and gas extraction projects. ING previously announced last December that it was…