Santos CO2 heavy Barossa #FossilGas project in the Timor Sea near the Tiwi Islands suffers financial blow.
#BNPParibas, the world’s ninth-largest bank, headquartered in France, and The Export-Import Bank of Korea (#KEXIM), have cut finance and loan ties to SK E&S, the oil and gas subsidiary of Santos’ South Korean Partner SK.
#ClimateCrisis #Santos #FossilFuels
https://www.theage.com.au/business/banking-and-finance/major-financial-institutions-cut-ties-with-santos-barossa-gas-project-20240610-p5jknf.html
#BNPParibas, the world’s ninth-largest bank, headquartered in France, and The Export-Import Bank of Korea (#KEXIM), have cut finance and loan ties to SK E&S, the oil and gas subsidiary of Santos’ South Korean Partner SK.
#ClimateCrisis #Santos #FossilFuels
https://www.theage.com.au/business/banking-and-finance/major-financial-institutions-cut-ties-with-santos-barossa-gas-project-20240610-p5jknf.html
Major financial institutions cut ties with Santos’ Barossa gas project
An international bank and a foreign investor are ending advice and loans, prompting calls for local banks to follow suit.Sumeyya Ilanbey (The Age)
