October 11, 2017 / 4:12 AM / a year ago

BRIEF-BNP Paribas says will no longer work with companies that are primarily related to Shale

Oct 11 (Reuters) - BNP Paribas Sa:

* BNP Paribas takes further measures to accelerate its support of the energy transition

* BNP Paribas says ‍will no longer do business with cos whose business is exploration, production, distribution, marketing of oil and gas from shale

* BNP Paribas says ‍ceasing financing of projects that are primarily involved in transportation or export of oil and gas from shale or oil from tar sands​

* BNP Paribas says ‍will not finance any oil or gas exploration or production projects in arctic region​

* BNP Paribas says ‍new measures will increase co’s total financing for renewable energy to eur 15 billion by 2020​

* BNP Paribas -‍measures mean that co will gradually cease to finance significant cos who are not actively part of transition to lower carbon economy​

* BNP Paribas says ‍will continue to support its clients in energy sector who are taking significant steps towards energy transition​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below