By Rebecca Speare-Cole, PA sustainability reporter & Lawrence Matheson Barclays has made a promise to stop directly financing new oil and gas projects as part of its updated climate change strategy. The bank published a revised Climate Change Statement and released a Transition Finance Framework, pledging to focus on helping energy companies to decarbonise. The bank stated it will not provide project finance or other direct finance for upstream oil and gas expansion projects or related infrastructure. However, this does not include corporate level financing, which makes up most of the bank’s f…