BNP Paribas rules out future work with shale and tar sands firms

Madeleine Cuff
clock
Credit: John Mcsporran
Image:

Credit: John Mcsporran

France's biggest listed bank declares it will no longer help shale gas or oil firms with funding or business transactions as part of climate change pledge

French banking giant BNP Paribas has ruled out working with shale gas companies in the future as it seeks to position itself as an enabler of the low-carbon transition. The pledge, made today, will...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

More on Investment

Credit: Scottish Widows

'Not only an environmental issue': Scottish Widows calls on pensions industry to steer a just transition to net zero

Report from pensions provider sets out recommendations for how pensions industry and government can ensure transition to a low carbon economy is equitable and fair

Holly Roach
clock 25 May 2022 • 2 min read
Feeling stressed? Bank of England warns climate risks to become 'persistent drag' on profitability

Feeling stressed? Bank of England warns climate risks to become 'persistent drag' on profitability

A top HSBC executive may have downplayed the threat posed by climate risks, but the Bank of England's new stress test exercise suggests financial firms' profits would be hit

James Murray
clock 24 May 2022 • 8 min read
Schroders backs shareholder demands for emissions cuts from oil and gas giants

Schroders backs shareholder demands for emissions cuts from oil and gas giants

Chevron, ExxonMobil, and Shell urged to do more to decarbonise the energy industry and keep Paris Agreement targets alive

clock 24 May 2022 • 2 min read