The French bank BNP Paribas is arranging finances for a proposed fracked-gas export terminal that would be built on undeveloped wetlands in the Rio Grande Valley. These fracked-gas export terminals (creating liquefied natural gas, or LNG) would threaten critical habitats of multiple endangered species and hurt the health of nearby communities, which are largely low-income communities of color.
We have a chance to stop this project before financing is committed.
Don’t let BNP Paribas and Bank of the West, its U.S. subsidiary, lock in decades of a fossil fuel that is worse for the climate than coal. Tell BNP Paribas and Bank of the West to drop the disastrous Texas LNG project!
To Jean-Laurent Bonnafé, CEO of BNP Paribas, and Nandita Bakhshi, CEO of Bank of the West:
BNP Paribas, by serving as Financial Adviser for the project loan for the Texas LNG project — an LNG export terminal in the Rio Grande Valley — is contributing to a range of serious potential climate, environmental, and health impacts in one of the poorest communities in the United States. This is in complete contradiction with BNP Paribas’ claim of climate leadership. I demand that BNP Paribas and its U.S. subsidiary Bank of the West:
- withdraw from their role as financial adviser for the project,
- commit not to finance the other fracked-gas terminals proposed in the Rio Grande Valley, and;
- adopt a public policy that prohibits financing for liquefied natural gas export at large.