Activists Launch GENIUS Plan To Fight Banks That Finance Fossil Fuel Companies

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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