BNP Paribas
Climate love
Climate love
Ingmar Rentzhog
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Featured speaker We Don't Have TimeBNP Paribas has decided to stop direct financing for new oil and gas fields
BNP Paribas has taken a bold step by committing to cease direct financing for new oil and gas fields, making it the second-largest global bank to embrace such an eco-conscious initiative, following HSBC's lead.
This inspiring move is poised to encourage other major European banks, such as Societe Generale, Crédit Agricole, Barclays, and Deutsche Bank, to reconsider their involvement in financing the expansion of the fossil fuel industry.
Furthermore, BNP Paribas plans to significantly reduce financing for oil and gas extraction and production by over 80% and 30%, respectively, by 2030.
Read more:
BNP Paribas Ends Financing for New Oil and Gas Projects - ESG Today
Paris-based global bank BNP Paribas announced today that it will end its direct financing for new oil and gas fields, strengthening its policy – released earlier this year – to reduce its fossil fuel financing activity. The move makes BNP Paribas the second largest global bank to commit to exiting new oil and gas project […]
https://www.esgtoday.com/bnp-paribas-ends-financing-for-new-oil-and-gas-projects/?
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Congratulations to BNP. Emissions from fossil fuels are the dominant cause of global warming.
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A good resolution for the planet
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nice
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nice move towards the rights direction
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This is a good step, 👍
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The kind of progress we want to see
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Dear Ingmar Rentzhog Thank you for getting your climate love to level 2! We have reached out to BNP Paribas and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time
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Its inspiring to say more and more financiers opting not to finance environment polluting operations.
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It is great seeing BNP Paribas working towards its sustainability commitments.
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Extremely great
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I think HSBC's action was only thanks to ShareAction putting pressure on them by signing up over 100 shareholders to put a resolution to the AGM
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Great decision... To win the fight against fossil fuels it should start with depriving financial resources to those involved in mining and producing
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Great decision, this is the way to go
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Very impressive moving on the right path
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a great initiative
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Good.That's the way to go.
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A great step in the right direction
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@elizbeth_gathigia a bold one
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great move by BNP