The $31 trillion time bomb ticking for markets
Public shaming hasn’t seemed to move the needle for banks, insurers and asset managers still providing support to oil, gas and coal producers. But money might.
Source: brisbanetimes.com.au
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Wall Street's $22 trillion carbon time bomb
Financial institutions have $22 trillion of exposure to carbon-intensive industries but those assets pose risks for their financial health.
Source: investmentnews.com
The $31 trillion time bomb ticking for markets
Public shaming hasn’t seemed to move the needle for banks, insurers and asset managers still providing support to oil, gas and coal producers. But money might.
Source: smh.com.au
Wall Street's $22 Trillion Carbon Time Bomb
(Bloomberg) -- The clock is ticking for banks, insurers and asset managers still providing support to oil, gas and coal producers. It’s not just the moral imperative—that fossil-fuel use is destroying the atmosphere and life on Earth with it.
Source: bloombergquint.com
ECB warns most EU banks have no 'Paris' climate plan
The European Central Bank said most of the 112 commercial banks it supervises do not have concrete plans to start preparing for climate change.
Source: euobserver.com