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If the financial services industry was a nation, it would rank as the world’s fifth-largest emitter of greenhouse gases. A study authored by the Sierra Club and the Center for American Progress shows that eight of the biggest US banks and 10 of its largest asset managers combined to finance an estimated 2 billion tonnes of carbon dioxide emissions, based on year-end disclosures from last year, or about 1 percent less than Russia produced. The emissions are equal to 432 million passenger vehicles driven for one year — and the number would have been considerably higher if scope 3 data and ot...

A study shows that eight of the biggest US banks and 10 of its largest asset managers combined to finance an estimated 2 billion tons of carbon dioxide emissions.

In nominating Jerome Powell yesterday for a second term as Federal Reserve chair, President Biden chose the conventional route — and in the process left many

Today, President Joe Biden announced the re-nomination of Jerome Powell as Federal Reserve Chair, and Lael Branaird as Vice-Chair of Supervision.

Exxon Mobil Corp on Wednesday said for the first time in a securities filingthat some of its oil and gas properties may face impairment due to climate change.