The United Nations (UN) warned several major banks Friday that their financing of Saudi Aramco may constitute a violation of global human rights rules because of the company’s role in climate change, Financial Times reported.
Human rights experts appointed by the UN notified several major institutions, including Citi, Goldman Sachs and BNP Paribas that their financial relationships with the state-owned Saudi Arabian oil titan may make them complicit in its alleged human rights violations, which stem from its contributions to global climate change, Financial Times reported. The UN’s warning to the banks and Saudi Aramco is pursuant to a legal complaint filed in 2021 by ClientEarth, an environmental activism group, accusing Saudi Aramco of a substantial climate-related violation of global human rights rules.
Saudi Aramco is the largest oil company in the world, according to…
