BankTrack News
BNP Paribas blacklists Drummond for environmental and human rights reasons
2016 |
BankTrack
2016 |
BankTrack
BNP Paribas stated in May 2016 that after financing the coal company Drummond in 2010, it declined to provide further finance in 2012, and decided in 2014 not to provide financial services to the company until further notice, due to "ongoing ESG (including human rights) controversies". The announcement came in response to BankTrack's Human Rights Impact Briefing on allegations of Drummond's involvement in paramilitary violence in Colombia.
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