BNP Paribas has been urged to cease its support for the expansion of fossil fuels by three NGOs who are threatening the banking giant with unprecedented legal action. The move came on the eve of the annual Climate Finance Day, hosted in Paris.
"This is the first step towards an unprecedented climate litigation case – the first in the world to target a commercial bank for its high-risk activities in the oil and gas sector," Oxfam, Friends of the Earth and Notre Affaire à Tous said on Wednesday.
