Are Swiss banks really chopping environmental devastation fr...| MENAFN.COM

Saturday, 28 May 2022 06:46 GMT

Are Swiss banks really chopping environmental devastation from trade financing?

(MENAFN- Swissinfo)
Construction of an oil pipeline through an area of cloud forest: The Oleoducto Crudo Pesado pipeline, completed in October 2003, transports between 390,000 and 450,000 barrels of crude oil per day from the from the Ecuadorian Amazonian to Esmeraldas on the coast. Dr Morley Read

As awareness of the Amazon rainforest's role in balancing the global climate builds, banks financing Switzerland's important commodity trading sector are starting to re-evaluate the environmental impact of their business.

This content was published on March 15, 2021 - 09:00

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.