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New-World Climate Regulation Clashes with Old-World Capitalism

Banks face challenges in meeting unrealistic climate goals and implementing net zero commitments due to economic and political complexities. ....

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WindAction | UBS banker's frustration exposes cracks in world of climate finance

The upshot: The world’s biggest banks can’t live up to the green regulatory ideal unless they start dumping huge numbers of clients worldwide at a reckless pace and also roil economies in large swathes of the globe that primarily rely on dirty fuels. Faced with that dilemma, many lenders are quietly reeling in their climate ambitions. ....

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ESG Frustration And Backlash In The Banking Sector Continues

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero ....

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UBS Banker's Frustration Exposes Cracks in World of Climate Finance

(Bloomberg) Judson Berkey didn’t hold back.Most Read from BloombergBiden Gains Ground Against Trump in Six Key States, Poll ShowsJapan Amps Up Intervention Threat as Yen Hits Lowest Since 1990Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleUsing Your Premium Credit Card May Cost More After Visa-Mastercard DealTrump Vows to Pay Fraud Trial Bond Cut by 68% to $175 MillionIt was early February and the UBS Group AG banker had WebEx-dialed into a meeting held on th ....

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