French banks and insurers need to cut their exposure to the coal industry, Frenc...
FILE PHOTO: Bank of France Governor Francois Villeroy de Galhau arrives for the G20 meeting during the IMF and World Bank's 2019 Annual Fall Meetings of finance ministers and bank governors, in Washington, October 18, 2019. REUTERS/Mike Theiler
PARIS - French banks and insurers need to cut their exposure to the coal industry, French central bank governor Francois Villeroy de Galhau said in a newspaper interview published on Friday. Investors are increasingly putting pressure on companies to make concrete steps to helping implement the United Nations-backed 2015 Paris Agreement to avert catastrophic global warming.
In France, banks and insurers - which have been required by law to disclose climate risks since 2016 - are also facing pressure from regulators. “It is absolutely necessary that the risk of financing coal plants is quickly reduced on French banks’ balance sheets,” Villeroy told newspaper La Croix.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Iran dismisses French comments about nuclear deal's dispute mechanismIran rejects as 'irresponsible' comments by France that it is seriousl...
Weiterlesen »
French defense minister heads to Mali to honor troops killed in helicopter crashFrench Defence Minister Florence Parly is heading for Mali to honor the 13 Frenc...
Weiterlesen »
Megan Thee Stallion Gives An Update On French Montana's HospitalizationWe stan Thee Stallion ❤️❤️❤️
Weiterlesen »
French farmers clog highways to protest at 'agri-bashing'Hundreds of French farmers angered by international trade deals and government policy drove tractors along the main highways into Paris, blocking commuter traffic and adding to the social unrest facing President Macron.
Weiterlesen »
French Montana Suffering from Dehydration & Exhaustion in HospitalFrench Montana Suffering from Dehydration & Exhaustion in Hospital
Weiterlesen »
French farmers protest stagnant revenues, unfair competitionHundreds of farmers drove tractors along main highways into Paris, protesting international trade deals and government policies they say hurt French agriculture.
Weiterlesen »