Several groups of activists sue one of Europe’s largest banks for financing fossil fuel companies. John Iadarola, Cenk Uygur, and Brian Unger discuss on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live
Read more HERE: https://www.commondreams.org/news/climate-lawsuit-commercial-bank
“A trio of advocacy groups on Thursday launched the world’s first climate lawsuit against a commercial bank, alleging that the Paris-based firm BNP Paribas is violating its legal obligations by continuing to finance planet-wrecking oil and gas development on a massive scale.
BNP Paribas, Europe’s largest funder of fossil fuel expansion projects, “continues to write new blank checks to the largest fossil fuel companies without setting any conditions for an oil-free, gas-free ecological transition,” said Alexandre Poidatz, an advocacy officer at Oxfam France, which joined Friends of the Earth France and Notre Affaire à Tous in filing the unprecedented lawsuit.
“With this lawsuit,” Poidatz continued, “we would like to reiterate that our organizations are firmly resolved to see the judge reach a verdict that forces the bank to honor its promises.”
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Comments
I wonder if the TYT crew uses motorized transportation with fossil fuels? Unless they use electric vehicles powered by solar then they do.
No Cenk, this is not the rest of us saying 'no more'. This is the rest of us saying fuck your profits!
Wow. This sounds like a really good and well thought out legal argument. Of crse I won't even ask if we have any law resembling that here in America.
Bc even if we did, the Supreme Court in this country would never take up the case. 🤮
Force them to bio-remediate starting now…
Oh no, a court order, surely they won't evade that!
Hey, fun fact: there IS a way to get fossil fuel companies to comply with environmental regulations, and it involves zero government intervention! Ask me for details.
There is an entire industry for risk management, shareholders also have rights, BP is being sued, and Shell
…BNP.. BNP… when I hear BNP, I don't think of Soccer Teams, Sponsorships, Ads + Revenue, or Scholarships… I Think of BIG OIL. Are they an Oil Comp. or a bank??
….Nuclear energy is the best option
Look at those idiots 😝! These wacko, fringe , goofy Dumbocrats.
I like it! Good for France. Good for the Dutch. Hello US!
Wait until these people figure out that everything depends on fossil fuel and energy. Its the literal lifesource of economic health. These are the dumbest ppl on earth.
I have been on Aspiration for the past 4 years and signed up through TYT. I do the large majority of my banking through that. I would do all of it exclusively if I had a way to do direct cash deposits but I don’t so I also have a Bank of America account so I can do cash deposits when needed. I chose them because I had plans to be a drifter of sorts and move around, wanted a bank that was around nationwide for that. But those plans have changed recently so I dunno, maybe I’ll shift over to a local credit union or something.
France also had a bloody revolution where they literally wanted to tear the monarchs apart once the people got fed up, there's a rich history of revolt against oppressive governments in Europe. So its no surprise the culture has written this into law, but nevermind. AMERICAN FREEDOM!!!
Yes, let's destroy the oil industry. Let's destroy the country and the economy. The amount of stupidity of these activists is unbelievable
Do people not realize all of our lives depend on oil?
What’s the transition program to renewables?
How will this be achieved?
When will it be ready.
What is required?
Number of wind turbines?
Number of solar panels?
Number of hydro dams?
Number of whatever?
Where?
When?
Remember that this must be done worldwide. Also remember that overall energy consumption in 2050 is thought to be 50% more than 2020.
What to do when no wind?
What to do when too windy?
What to do when no sun?
If batteries are the answer –
What capacity?
How many?
Where?
When?
If pumped hydro is the answer –
What capacity?
How many?
Where?
When?
Also to be considered –
Renewables are just 10% of all energy.
(Been that way for years.)
Hydro = 7%.
Solar = 1%.
Wind = 1%.
Others = 1%.
Nuclear = 5%.
Fossil fuels = 85%.
I really do want to hear your program and schedule.
Genius is not a term to use when discussing climate activists.
Yeah, if corporations are people, they ought to have social responsibility. People get fined for littering, so should they
Giving funding to a company does not in any way make the giver liable or responsible for any environmental damage 'that' company may cause. Funding is a means to help a company 'LEGALLY' OPERATE, EXPLORE, EXTRACT, PRODUCE, etcetera.
When 'the company' causes an environmental problem, the EPA determines whether or not laws were, in fact, even broken, and whether or not 'that' company will be fined.
While all of 'this' is going on, no Finance company or Bank is held responsible, nor should it be, according to 'current' LAW.
PERIOD.
Not a chance of winning in court. We physically can't replace all the fossil fuels we use over night so the options are to guarantee the death of millions through energy poverty or to possibly at some point in the future be not directly responsible for negative effects that can't still be definitely proven at this point. This is getting to be absolutely ridiculous 🙄
Guaranteed to lose. There is no evidence that Climate Change is definitely man made. While I am 95% certain (or more) that it is human caused, we have yet to actually prove it conclusively. Benefit of the doubt will win this obvious "SLAPP" suit.
In Canada subcontracting does not absolve you of responsibility.
Let me guess…these same activists also use products that are based off of petroleum???? 😆. Just another example of hypocrites on the Left.
justice in France can surprise in the good way sometime. let's hope. Anyway,it's a good shot already to the green washing of the 1st french bank.
2 men were killed after de eloping ways to get off of fossil fuels. They were killed and their work mysteriously disappeared. One man developed one that ran off water. The other man developed a way to get hundreds of miles to the gallon. These men were murdered for finding ways to help reduce fossil fuel usage and everyone knows the big ass corporation for fuel could not let anyone come up with ways to save people alot of money while helping save the planet. That would mean their billions would be reduced. Big corporations have too much control.
Another lawsuit that'll take years and years to do essentially nothing.
Just abolish banks and the legal protection of intellectual property rights, that'll drain capitalism of its life blood.
Lol. Tyt is run on fossil fuels.
Ummmm……..this is the opposite of 'genius'.
So… He's planning to take on all of the banks, and Fort Knox?
I like fossil fuel because I dislike sky high prices for energy, goods and services.
BUT ANYTHING IS WORTH A TRY!
LETS SAY JUST FOR ARGUMENT WE GET ALL FOSSIL FUEL GONE AND CLEAN THE AIR! THIS IS GOOD.WHAT ABOUT RAYDON THAT COMES FROM THE GROUND THAT IS THE LEADING CAUSE OF LUNG CANCER BESIDES SMOKING AND ALL THAT JAZZ. IT WILL REMAIN.BUT THE EARTH WILL BE BETTER OFF WITH OUT FOSSIL FUIEL I GUESS.BUT WHAT WORKERS IN FRANCE MY NOT WORK IN GREEDY AMERICA!!
We need a law like that.
FU Bitchmove. If u drive a car, u are sponsoring fossil fuel companies. Yes even electric car plants require fossil fuels to build the cars.
What is the guests name? I believe I've seen him a Reno 911 episode.
Air Pollution kills 7 million people a year not hundreds of thousands
Pumping fossil fuels does not destroy the planet nor cause global warming. It's the BURNING of oil that causes all those problems. If you are causing the problems, perhapsw you should quit driving gas-fueled cars and flying in gas-fueled planes, right??
Oh it’s in France neato
We should all thank the Chinese for doing their part to save the environment instead of satellites they're using spy balloons 🤣🤣🤣🤣🤣🤣🤣🤣
Don't use our money to pollute our earth.
Great for them!
they're not maximizing profit, they're maximizing impoverishment. Money is not wealth
Good luck to theses groups! I really hope it works! It would show away to make our corporations accountable!
Some people must have a lot of free time on their hands…….This is a stunt it will go nowhere.