Three climate advocacy groups are filing a suit against French bank BNP Paribas for making a “significant contribution” to global warming by lending to fossil fuel companies, in what they say is the first time a commercial bank is being targeted for climate-related financing.
Major banks play a major role in financing environmental damage. International banks including JPMorgan Chase, Wells Fargo, the Royal Bank of Canada, and BNP Paribas are among the top providers of financing to the fossil fuel industry
