'Immoral and irresponsible': U.S. banks threaten to leave Mark Carney's green alliance over legal risks — via financialpost Finance Banking
In tense meetings in recent months, some of the most significant members of the Glasgow Financial Alliance for Net Zero have said they feel blindsided by tougher UN climate criteria and are worried about the legal risks of participation, according to several people involved in internal discussions.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.
The banks’ biggest concern is over strict targets on phasing out coal, oil and gas introduced over the summer by the UN’s Race to Zero campaign, a UN-led net zero standard-setting body that accredits pledges made by Carney’s alliance.Article content The SEC will soon require formal disclosures in annual reports about governance, risk-management and strategy with respect to climate change. Companies will also have to disclose and be held accountable for any targets or commitments made, with detailed plans on how to achieve them.
GFANZ has faced pushback from lenders since its inception. Banks successfully resisted committing to the most explicit road map for cutting greenhouse gas emissions to net zero by 2050, refusing to end financing of all new oil, gas and coal exploration projects immediately.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
And Just Like That Season 2 Stars Tease First Table Read With BTS ImagesSarah Jessica Parker and Sara Ramirez take fans behind the scenes of AndJustLikeThat season 2's first table read with new set images.
Weiterlesen »
Stocks could struggle as investors read the Fed's message to mean a recession is more likelyThe risk of recession could mean that downward earnings revisions could be even worse, strategists say.
Weiterlesen »
You Read it Right; 2023 F1 Las Vegas Grand Prix Will Start at 1 a.m. ETF1 CEO: 'The Las Vegas Grand Prix is going to take F1 race weekends to the next level.'
Weiterlesen »
The News You Need To Read This MorningAnother criminal investigation into Trump, antiwar protests in Russia, and the agony and ecstasy of Adam Levine’s bad sexts
Weiterlesen »
After 'Andor,' Read These 5 ComicsIf three episodes only whets your appetite for more stories from the earliest days of the conflict between the Galactic Empire and the nascent Rebellion, these comics will fill that void. Via WIREDUK
Weiterlesen »