French banks blithely financing the fracking industry

French banks blithely financing the fracking industry
▻http://multinationales.org/French-banks-blithely-financing

All, or nearly all, claim that they are sensitive to environmental concerns. This does not, however, stop French banks, most prominently Société Générale and BNP Paribas, from bankrolling natural gas fracking, an industry which has adverse effects on water resources, local communities, and the global climate. This is the conclusion of a study commissioned by Friends of the Earth Europe. The study details the source of investments and loans financing the oil and gas companies most active in (...)

#Investigations

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#climate_change #environmental_impact #energy #socially_responsible_investment
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