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Are Swiss banks really chopping environmental devastation from trade financing?


Are Swiss banks really chopping environmental devastation from trade financing?
Construction of an oil pipeline through an area of cloud forest: The Oleoducto Crudo Pesado pipeline, completed in October 2003, transports between 390,000 and 450,000 barrels of crude oil per day from the from the Ecuadorian Amazonian to Esmeraldas on the coast. Dr Morley Read
As awareness of the Amazon rainforest’s role in balancing the global climate builds, banks financing Switzerland’s important commodity trading sector are starting to re-evaluate the environmental impact of their business.
This content was published on March 15, 2021 - 09:00
March 15, 2021 - 09:00
Paula Dupraz-Dobias in Geneva
In February, BNP Paribas, once the world’s leading trade finance provider, announced it would no longer financeExternal link companies that produce or trade beef and soybeans originating from land cleared in the Amazon after 2008. ....

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Paul Baker | Seminole Sentinel


Sunday, January 31, 2021
Words cannot express the sadness that the family of Paul Baker, 96, feels at his passing on January 22, 2021. He was born in Chicago, Illinois to Ivan and Josephine Baker on December 27, 1924. The family celebrates a life well lived for this World War II (WW2) veteran who loved his wife, Bonita Sanderson of 51 years who has preceded him in death. Paul served in the U.S. Army during WW2 with the 404 Field Artillery, 86th Infantry Division (Black Hawk Division) at Camp Howse, Texas where he met the love of his life. He joined the 983rd Field Artillery Battalion, 10th Corp, in New Guinea and moved on to the Philippines after U.S. Forces retook the island. After the war he came to Seagraves to marry his beloved. After the ceremony, the couple moved to Champaign, Illinois, while Paul attended the University of Illinois gaining a Bachelor of Arts in Business. After graduation, the couple returned to Seagraves where he was an accountant with Argo Oil Company. ....

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