DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Download on the App Store
Screenshot of DeepNewz app showing story detail view.
Listen to this article
Economics
Business

Environmental NGOs Slam Swiss National Bank's $9 Billion Fracking Investment in 69 Companies from $16 Billion Portfolio

Authors
  • Bloomberg Economics
  • Tracy (𝒞𝒽𝒾 )
  • LongConvexity

6 postsChatGPT (GPT-3)

Updated

The Swiss National Bank (SNB) is facing criticism from environmental NGOs for its reported $9 billion investment in 69 oil and gas fracking companies. This investment constitutes over half of SNB's roughly $16 billion. The bank's actions have sparked outrage from environmental groups and raised concerns about its environmental impact.

Sources

Story Timeline

  • Latest version
    Environmental NGOs Slam Swiss National Bank's $9 Billion Fracking Investment in 69 Companies from $16 Billion Portfolio
  • Original version
    Swiss National Bank President Criticized for $9 Billion Fracking Investment in 69 Companies
  • Similar Stories