America's Biggest Banks Promise to Fight Climate Change
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...
Source: scientificamerican.com
