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All information about Oil and gas

By several operations within the oil and gas sector damage is done to the environment. Oil rigs, oil and gas production facilities, refineries affakkelinstallaties and pollute the land, air and water. High oil prices and the urge to replenish reserves to oil companies ever deeper in environmentally sensitive regions of the Amazon to the polar regions.

Fractions in pipelines by earthquakes, other natural causes or sabotage can lead to soil / water pollution and even to fatal explosions and fires. Addition of oil has crashed tankers already polluted many sea and coastlines.

The Fair Bank Guide considers it important that banks are also assessed for their oil and gas policy. Banks can use their influence to long-term effects and human rights abuses.

The investment banks with respect to the oil and gas sector should emphasize that the main challenge for the oil and gas industry is to develop renewable energy facilities. Bank policies for the oil and gas sector should also include social and environmental standards, including the following areas:

  • Oil transport;
  • Waste management;
  • Transparency and tax evasion;
  • Recognition of local laws and sovereignty over raw materials;

Detailed information on how the Fair Bank Guide banks evaluates this topic, you can be found in chapter three of the latest report.

 

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