Wall Street companies will become A's Call to sever relations with Aramco, most likely will not follow. The IPO, which could bring a record of $ 40 billion, would bring hefty fees and coveted boasting rights to investment banks.
None of the banks would comment on the letter to CNN Business.
The timing of the Aramco deal remains questionable. Although the company was expected to release its IPO prospectus next week, a CNN Business source said the timing of the blockbuster listing has been postponed to allow time for quarterly results to be released, clarifying the impact of the attacks of the last month.
A delay would jeopardize the plan to list Aramco in Saudi Arabia next month. The listing is at the heart of the 2030 Vision 2030 plan to separate the economy from its dependence on oil. However, the environmental groups warned the Wall Street banks on Thursday that the IPO of Aramco would represent the largest single capital infusion into the fossil fuel industry since at least the conclusion of the Paris Agreement on Climate Change in late 2015. This would include Aramco, which was recently named by the Guardian the world's largest corporate emitter classified by carbon dioxide, give serious financial firepower.
The promotion of oil reserves by Aramco over the coming decades is a "recipe for Financing the destruction of the planet ". Recalling that UN climate scientists have warned that global emissions must fall drastically to avoid 'catastrophic consequences'.
The environmental organizations suggested it would be hypocritical for major banks to complete Aramco's IPO while respecting human rights and human rights, expressing their concerns about climate change.
"It will be clear that your environmental and social statements are not sincere," the letter says, "and when it comes to dispelling your concerns about short-term gains, everyone else outweighs them."