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BRIEF-BNP Paribas says will no longer work with companies that are primarily related to Shale
October 11, 2017 / 4:10 AM / 9 days 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:

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