BNP no longer doing bond deals for oil and gas

“With regard to bonds,” BNP said that it refrains from “participating in conventional bond issues in the oil and gas sector”. — Bloomberg

Paris: BNP Paribas SA says it’s no longer participating in conventional bond issuances in the oil and gas sector, as the European Union’s largest bank adds to its list of restrictions on fossil-fuel clients.

BNP spelled out the status of its policy in response to written questions from Paris-based nonprofit Friends of the Earth-France, which were submitted ahead of its annual general meeting.