Europe’s largest banks have pledged to phase out financing carbon dioxide emissions by 2050. But an activist group supported by big shareholders says the lenders aren’t doing enough to meet their goals.
ShareAction, a London-based nonprofit that coordinates investor campaigns to push banks including Barclays PLC and HSBC Holdings PLC on the environmental action, said the
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1. A rapid and aggressive expansion in nuclear energy capacity 2. Carbon capture and sequestration 3. Adaptation and geo engineering If your climate plan doesn’t contain and emphasize all three of these it isn’t a climate plan, and you aren’t serious about solving the problem.
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