Climate activist groups took legal action against BNP Paribas, one of Europe’s biggest banks, on Thursday, alleging the French lender’s loans to big oil and gas companies breach a legally binding duty to ensure its activities do not harm the environment. Climate campaigners are increasingly using lawsuits to force a greater effort by big companies to shift to a low-carbon economy.
“We are focused on our fossil fuel exit path, accelerating financing for renewable energies and supporting our customers, without whom the transition cannot be made.” Fossil fuels The three NGOs said their legal approach against BNP Paribas was modeled on the case in the Netherlands in which Shell was ordered to deepen planned cuts in its greenhouse gas emissions. Shell filed an appeal against the ruling last year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ngo's
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse shares plunge again on report of regulatory probe | CNN BusinessShares of embattled Swiss bank Credit Suisse fell to a record low Tuesday after a report that regulators are reviewing comments the lender's chairman made about the health of its finances. after so many scandals what do they expect..swiss transparancy is zero..european rules dont work here..too much secrecy, mafia bosses at work, hiding of olygarchs money..german stolen gold...
Source: cnni - 🏆 326. / 59 Read more »
Walmart warns it's in for a tough year | CNN BusinessWalmart had a strong holiday shopping season, but the year ahead will be more challenging for America's largest retailer. SeanFlan45 I don't shop there anymore. Not even the neighborhood markets. They insist that I use self checkout. I'm just disgusted with that and I refuse to do it. If they keep the prices low, there won’t be inflation!
Source: CNN - 🏆 4. / 95 Read more »
Home sales sank in January for the 12th straight month | CNN BusinessUS home sales declined in January for the 12th consecutive month as mortgage rates remained elevated and stubbornly high prices kept homebuyers out of the market. I wonder why.... Interest rates? So much for affordable housing nearly everything purchased is becoming a rental for top dollar Who is to blame now ? And I thought the economy was booming.
Source: CNN - 🏆 4. / 95 Read more »
Howard Schultz: Unions 'a manifestation of a much bigger problem' | CNN BusinessFifteen years ago, Howard Schultz reprised his role as Starbucks CEO, returning to the helm to help put the struggling company back on course. At the time, the coffee chain was flailing, facing growing competition, cooling customer interest and contending with the financial crisis. So what? Let them unionize To the gulags with him Yeah dude, YOU are the problem. At least you've taken the first step of self realization well, maybe not..
Source: CNN - 🏆 4. / 95 Read more »
Dow drops by nearly 700 points as retail earnings disappoint | CNN BusinessUS stocks plunged on Tuesday after fourth-quarter earnings and forecasts from mega-retailers like Walmart and Home Depot raised concerns about the strength of the US consumer. I’m not buying shit till we get paid more
Source: CNN - 🏆 4. / 95 Read more »