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European banks criticized for funding Amazon oil trade

Aug 13, 2020 - SNL European Financials Daily

Six European banks are facing criticism by environmental groups for financing oil trade in a vulnerable part of the Amazon rainforest.

Six European banks are facing criticism by environmental groups for financing oil trade in a vulnerable part of the Amazon rainforest.

A report by Stand.earth and Amazon Watch assessed 19 banks' funding activities and found that ING Belgium, Brussels, Geneva, Credit Suisse AG, Natixis, BNP Paribas (Suisse) SA, UBS Switzerland AG and Rabobank extended ...