BNP Paribas, ING Group and Société Générale Among Banks that Fund Controversial Kashagan Oil Project

by on February 22, 2009

In the video below a group of European nonprofit organizations asserts that if a bank claims to respect the environment and human rights, then it should not invest in the Kashagan oil project in Kazakhstan. The project is underway in the fragile ecosystem of the Northern Caspian Sea. The groups responsible for the video claim that instead of reducing poverty and bringing development, the project has negatively impacted the health and safety of thousands of local people and species.

[youtube]http://www.youtube.com/watch?v=WEuhJrMQjeU[/youtube]

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