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Climate scientists swap fieldwork for finance By Iain Withers, Carolyn Cohn and Simon Jessop Reuters LONDON (Reuters) - Environmental scientist Laura Garcia Velez cut her teeth on projects to help Ethiopian farmers insure crops for drought and connect remote Colombian communities to the electricity grid before working for conservation campaigners WWF. Now she's an analyst for Lombard Odier, charged with improving the $350 billion Swiss bank's green credentials. "It's really important that finance recruits from science," said Velez, one of a growing number of campaigners and scientists wh...

Apr 15, 2021 London – Environmental scientist Laura Garcia Velez cut her teeth on projects to help Ethiopian farmers insure crops for drought and connect remote Colombian communities to the electricity grid before working for conservation campaigners WWF. Now she’s an analyst for Lombard Odier, charged with improving the $350 billion Swiss bank’s green credentials. “It’s really important that finance recruits from science,” said Velez, one of a growing number of campaigners and scientists who have switched to banking, which she hopes can play a role in “greening the pol...

Scientific American But critics say the commitments are hazy on details Advertisement Six of the largest banks in the United States have vowed to align their lending portfolios with the goals of the Paris Agreement. These massive lines of credit are laden with investments in carbon-intensive companies. Every one of the banks made those promises in the last six months. Three did so in the past week. The wave of net-zero commitments indicates Wall Street is preparing for the risks of climate change—or, at least, responding to intensifying public pressure to do something about it. But the anno...

Published: Tuesday, March 9, 2021 The Fearless Girl statue stares down the Wall Street bull in this 2017 file photo. Photo credit: Anthony Quintano/Flickr The Fearless Girl statue stares down the Wall Street Charging Bull in this 2017 file photo. Fearless Girl was later moved to a new location following complaints from Charging Bull's creator. Anthony Quintano/Flickr Six of the largest banks in the United States have vowed to align their lending portfolios with the goals of the Paris Agreement. These massive lines of credit are laden with investments in carbon-intensive companies. Every one o...

Citi's announcement makes then the third major U.S. bank to commit to achieve net zero financed emissions by 2050.