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SNB Faces Anger over Reported $9B Fracking Investment

Summary by Ground News

Fracking accounts for over half of SNB's roughly $16 billion invested in fossil fuel extraction. 14 of Switzerland's 26 cantons that reject fracking are also home to 69 percent of the population. SNB spokesman says its investment policy is in line with 'fundamental norms'

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SNB Faces Anger over Reported $9B Fracking Investment

Environmental NGOs slammed the Swiss National Bank for what they say is its $9 billion investment in fracking companies.

1 year ago

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Rigzone broke the news in 1 year ago on Monday, November 20, 2023.

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