Banks worth $47 trillion adopt new U.N.-backed climate principles

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Banks with more than $47 trillion in assets, or a third of the global industry, ...

) were among 130 banks to join the new framework on the eve of a United Nations summit in New York aimed at pushing companies and governments to act quickly to avert catastrophic global warming.

Financing for oil, gas and coal projects has come under particular scrutiny as climate scientists step up calls to change the global economy’s deep reliance on fossil-fuels to avert disastrous warming.- Align their strategies with the 2015 Paris Agreement to curb global warming and U.N.-backed targets to fight poverty called the Sustainable Development Goals

Critics argue that banks should go much further by explicitly committing to phasing out financing for fossil fuel projects and agribusiness that drive deforestation in the Amazon, Southeast Asia and other regions. “They need to demonstrate that they are making progress — and progress within a given timeline,” Dettling said.

 

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That tells you everything you need to know about climate-change policy. Banksters worth $47 trillion eager to hop aboard, and it's not because of altruism or notions of 'corporate responsibility' to the public. Controlling the world is a long-game, and they're in it to win it.

Leopards don't change their spots.

realDonaldTrump fix these damn banks!

Everyone does realize that where glaciers are now there were once large green lush forest

Are they going to divest from fossil fuels and provide financing for nuclear plants, or...?

Yes the banks would support the UN climate, because they are funded by radical activist.

Of course they do. Their people wrote them.

Thanks for the good news

Another sponsored aticle, actually an 'advertorial'? Like this one?

scientists say banks might be lowering climax emissions

UN backed? I’m Shocked PC1170

Too bad Trump’s head is deeply inserted up his ass.

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