Banks warned over Saudi Aramco by environmental groups

Eight green groups send letter to express concern over planned market float

Environmental groups have warned the banks linked to Saudi Aramco's planned market float that they risk financing the destruction of the planet by supporting the public listing of the world's biggest oil producer.

The eight green groups, including Oil Change International and Friends of the Earth, warned that the world's largest IPO would be "the biggest single infusion of capital into the fossil fuel industry" since global governments signed the Paris climate accord in 2015.