Non-governmental organisations are calling on the Swiss National Bank (SNB) to phase out fracking investments. According to an economics professor, other measures would be more effective.
The Swiss Climate Alliance (SCA) has been putting pressure on the central bank for months. It calls for investments in companies that engage in fracking to be abandoned. On Monday, SCA presented the SNB with a corresponding petition with 60,000 signatures.
According to the coalition of various organisations, the SNB currently holds securities in 69 fracking companies worth $9 billion. SCA calculates that the central bank is therefore responsible for seven million tonnes of CO2 emissions annually. ...