Are Swiss banks really chopping environmental devastation from trade financing?
Are Swiss banks really chopping environmental devastation from trade financing? 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 w...
Source: swissinfo.ch