Banga's not a prominent figure in global warming circles, but he boosted climate initiatives at Mastercard.
He's also an adviser to BeyondNetZero, a major climate investment fund General Atlantic launched in 2021.Officials made clear Thursday that they want Banga to deliver on the bank's "They argue his private sector resume is fit for the goal of transforming the bank, a big ship to turn.
Friends of the Earth called for a "female candidate with extensive background in human rights, environmental advocacy and sustainable energy development." But others praised the choice. Sonia Dunlop of the think tank E3G cited his statements on the urgency of climate action, and said he'll be a "fresh pair of hands at the wheel" of what she hopes will be a greener bank.Banga, if approved by the bank's board, will be under pressure to make good on elevating climate — which has already had a rising profile at the bank — alongside its traditional anti-poverty focus.
For instance, he notes Mottley's goal of an additional $1 trillion for climate resilience would require plenty of private-sector money — and Banga's decades at Citigroup, Mastercard, and General Atlantic will come in very handy.
Climate change is a lie. When I was a child Time Magazine said that the next I've age was coming. Someone is making bank on this bullshit
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