French banking group BNP Paribas has announced a series of measures to support the energy transition, including a pledge to cease all business with companies primarily involved in shale gas, tar sands oil and Arctic exploration for oil. The group also plans to increase its total financing for renewable energy projects to €15 billion by 2020.BNP Paribas is seeking to bring its activities in line with the IEA scenario, aiming to keep global warming within 2 degrees in the 21st Century. The banking group today announced a series of measures with this in mind, along with big plans for financing renewable energy projects. The measures taken in full are as follows:
The BNP Paribas Group will no longer do business with companies whose principal business activity is the exploration, production, distribution, marketing or trading of oil and gas from shale and/or ...Den vollständigen Artikel lesen ...