Investment Group Presses European Banks To Stop Funding Oil And Gas Projects ...Middle East

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Nonprofit ShareAction has urged five large European banks to stop funding oil and gas projects, warning they will jeopardize the transition to low-carbon energy if they do not. Per a Reuters report, the responsible investment group sent letters to Barclays, Credit Agricole, BNP Paribas, Deutsche Bank, and Societe Generale, in which it urged them to stop their support of the fossil fuel industry. The signatories of the letter include several large investment management organizations including Aegon Asset Management, La Francaise Asset Management,…

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