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U.S. Fossil-Fuel Suppliers Tie Bank Credit Lines to Climate Targets

American fossil-fuel suppliers are moving to tie their bank credit lines to sustainability goals, including slashing their carbon footprint. 

DCP Midstream LP, which operates natural gas pipelines, unveiled Tuesday that interest and fees paid on its $1.4 billion revolving credit facility with banks such as Mizuho Financial Group and JPMorgan Chase & Co. are now linked to the company’s progress toward reaching its emission-reduction targets. The borrowing conditions are also determined by DCP’s safety performance relative to rivals, the company said in a statement