kept increasing their financing to companies which are involved in the life cycle of fossil fuels. However, focusing on a key fossil fuels subsector, it appears that those banks also kept allowing unrestricted financing for companies producing and expanding oil and gas offshore. For instance, the funding granted by the BNP Paribas to this type of company had at least tripled between 2018 and 2019.
Over the past few years, some of France's largest banksFinancing granted to companies involved in offshore oil and gas operations in France from 2016 to 2019, by leading banks (in million U.S. dollars)
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Rainforest Action Network. (March 18, 2020). Financing granted to companies involved in offshore oil and gas operations in France from 2016 to 2019, by leading banks (in million U.S. dollars) [Graph]. In Statista. Retrieved June 10, 2024, from https://www.statista.com/statistics/1140034/french-banks-financing-offshore-oil-gas-companies/
Rainforest Action Network. "Financing granted to companies involved in offshore oil and gas operations in France from 2016 to 2019, by leading banks (in million U.S. dollars) ." Chart. March 18, 2020. Statista. Accessed June 10, 2024. https://www.statista.com/statistics/1140034/french-banks-financing-offshore-oil-gas-companies/
Rainforest Action Network. (2020). Financing granted to companies involved in offshore oil and gas operations in France from 2016 to 2019, by leading banks (in million U.S. dollars) . Statista. Statista Inc.. Accessed: June 10, 2024. https://www.statista.com/statistics/1140034/french-banks-financing-offshore-oil-gas-companies/
Rainforest Action Network. "Financing Granted to Companies Involved in Offshore Oil and Gas Operations in France from 2016 to 2019, by Leading Banks (in Million U.S. Dollars) ." Statista, Statista Inc., 18 Mar 2020, https://www.statista.com/statistics/1140034/french-banks-financing-offshore-oil-gas-companies/
Rainforest Action Network, Financing granted to companies involved in offshore oil and gas operations in France from 2016 to 2019, by leading banks (in million U.S. dollars) Statista, https://www.statista.com/statistics/1140034/french-banks-financing-offshore-oil-gas-companies/ (last visited June 10, 2024)
Financing granted to companies involved in offshore oil and gas operations in France from 2016 to 2019, by leading banks (in million U.S. dollars) [Graph], Rainforest Action Network, March 18, 2020. [Online]. Available: https://www.statista.com/statistics/1140034/french-banks-financing-offshore-oil-gas-companies/