A group of 35 major global investors managing a total of $11 trillion in assets have asked banks to set “enhanced” pledges to make sure their lending practices are aligned with tougher emission targets, according to Reuters.
The outlook: The call comes on the eve of the virtual summit on climate with 40 world leaders convened by President Joe Biden this week. And even if some of the world’s largest banks have already committed to reach a zero-emission target by 2050, it will sound as a warning to most of the banking industry.
Communists wants more centralization of money so they can syphon easier. Well we already have a surprise for them via crypto! 😈
Does that mean he wants them to join the communist Democratic Party?
jaggeddeath What a joke. None will. They’ll posture, to look good, but nothing more.
The only thing the banks are serious about is kicking ppl out their homes.
They have $11 TRILLION DOLLARS!!! THEY can get as as serious on climate change as they want! WTF?!?
So democrats came up with another subprime loan type screw up...
Can you help me 100x my investments too? Can you provide Gevo and Intel with a couple contracts? And can Biden wear a red MedMen jacket to a press conference? Thanks
Market hypocrisy
Bombings create radiation in the areas they bomb, bombings are a everyday life in some countries, these governments talking about climate change are a joke
Oh stop it with the climate nonsense.
Nothing 'serious' is going to happen while America are involved, or banks for that matter.