BNP Paribas Group will no longer do business with companies whose principal business activity is the exploration, production, distribution, marketing or trading of oil and gas from shale and/or oil from tar sands. BNP Paribas is also ceasing financing of projects that are primarily involved in the transportation or export of oil and gas from shale or oil tar sands. The Group will not finance any oil or gas exploration or production projects in the Arctic region [and] will continue to actively support clients in the energy sector who are committed to being partof the energy transition. 

These new measures complement the Group's previous decision to reduce its support for coal mines and coal-fired power generation, to increase its total financing for renewable energy to 15 billion euro by 2020, and to set aside 100 million euro for investment in start-ups working on innovative solutions for energy transition.