Rabobank Group

Rabobank the first corporate Green Taliban? surprise surprise, more hypocrisy

Weak spined Rabobank HQ in the Netherlands is caving in to the loons:

Global agribusiness financer Rabobank is so alarmed about the threat posed to the planet by fracking it’s announced it will not finance businesses involved in the practice.

But Rabobank’s Oceania office says it won’t be stopping business with farmers who allow fracking on their land.

Fracking is the process where fluid containing sand and chemicals is injected at high pressure to fracture rock in order to access previously inaccessible oil and gas from the earth’s crust.

The practice is widespread in Taranaki and the Parliamentary Commissioner for the Environment says New Zealand is on the brink of a rapid expansion of fracking. Read more »