Accelerating its Exit from the Coal Industry
Accelerating its Exit from the Coal Industry
Neither BNP Paribas nor Bank of the West has provided financing for any new coal-fired power plant or coal mine since 2017. Further, the BNP Paribas Group is one of the only international banking groups to announce exit deadlines for thermal coal by 2030 in the United States, European Union and other Organization for Economic Cooperation and Development (OECD) countries, and an exit from non-OECD countries in the BNP Paribas Group by 2040.
