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BNP Paribas

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BNP Paribas vows to slash oil lending by 80% by 2030, fund renewables.

French bank BNP Paribas (BNPP.PA) on Tuesday pledged to slash the money it has outstanding with the oil extraction and production industries to less than one billion euros ($1.1 billion) by 2030, an 80% decline from its current balance of five billion euros.
The lender said it stopped financing oil projects back in 2016, but Tuesday's commitment will accelerate the pace at which it reduces outstanding financing for oil extraction and production as part of its efforts to curb carbon emission and meet climate goals.
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https://www.reuters.com/business/sustainable-business/bnp-paribas-vows-slash-oil-lending-by-80-by-2030-fund-renewables-2023-01-24/
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  • Tabitha Kimani

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    76 w

    They should consider 100% funding to clean energy.

    1
    • Anon.org

      β€’

      76 w

      Why is it still 'investing'???

      3
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