Large multinational banks now asking for data on fracking risks from companies

Rich Liroff reports in his blog on GreenBiz.com that European banks want more hard data on risks from frackers. According to Rich, some of the world's largest banks, as part of the Climate Principles for the Finance Sector, wish to see quantitative data on key performance indicators in 16 areas of corporate performance. The data are being requested to shine a light on how oil and gas companies are managing environmental risks and community impacts in their fracking operations. The areas of concern are wide ranging, and include air pollution (including methane emissions), well integrity, worker health and safety, truck traffic, chemicals, waste management, and more.

American banks and investors should follow the European lead.

About the Authors

Amy Mall

Senior Policy Analyst, Land & Wildlife program

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