BBVA
#9 in Europe for fracking financing.
Your bank is failing on climate responsibility.
BBVA is one of the largest funders of fossil fuels, providing $30BN since the signing of Paris Agreement. What earns it the "worst" rating is the fact that it continues to fund new infrastructure - new pipelines, new gas plants.
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Financing new fossil fuel infrastructure is entirely incompatible with BBVA's own commitment to achieving net zero emissions by 2050 and meeting interim decarbonization targets for 2030.
Your bank may be ignoring the Paris Agreement.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
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