BMO Drops Anti-Coal Policy Amid Wall Street Rebuke of ESG

-- BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labeled an energy “boycotter” in West Virginia.Why India’s South Rejects Modi — And Why It Matters

Banks and investment firms have been less vocal about their climate efforts after Republicans have spent more than two years attacking the environmental, social and governance strategy that the finance industry embraced. UBS Group AG Chief Executive Officer Sergio Ermotti last month said policymakers shouldn’t rely on banks as a de facto “climate police.

On Monday, West Virginia’s Moore said that BMO worked with his office and “removed an offending policy” on its website. That helped BMO avoid being placed on West Virginia’s list that now comprises nine different financial services firms. BMO spokesperson Scott Doll said in an emailed statement that the bank’s policies “represent a comprehensive, risk-based approach that underscores our commitment to sound and prudent business practices while complying with the laws and regulations of the markets we serve.”How Bluey Became a $2 Billion Smash Hit—With an Uncertain FutureTrump Media stock plummets, erasing all gains since debut

Jamie Dimon, who said the $34 trillion national debt was pushing U.S. off a ‘cliff,’ insists it’s ’vital’ to boost military spendingWest Virginia treasurer adds four finance firms to ESG blacklist

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

BMO Economist Believes Crude Oil Price Gains Likely Behind UsBMO senior economist Art Woo believes that the recent gains in crude oil prices are likely behind us, despite calls for US$100 crude from energy-focused fund managers. Woo forecasts an average price of US$80 for 2024 and believes that current prices are close to an equilibrium level.
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

US-Style Oil Megadeals Viable in Canada, BMO Energy Banker SaysA US-style megadeal is possible in Canada’s oil patch, though the pressures that pushed Exxon Mobil Corp. and Chevron Corp. to pursue large takeovers aren’t as strong north of the border, says Bank of Montreal’s top energy banker.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »