will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion in financing to help clients make the transition, Chief Executive Noel Quinn told Reuters.
It will also face scrutiny on whether it has allowed itself leeway to continue financing some fossil fuel-linked clients, especially in developing markets. “What we have given the market is an ambition that our total financing by 2050 will be net zero, that is a far bigger prize or goal than picking a sub-segment of our portfolio and saying ‘I am not going to bank you’ because that’s not what the world needs,” he said.
It gave no detail on plans to tighten its policy on lending to the coal industry - still a key driver of many Asian economies - in a move likely to anger campaigners.
Carbon dioxide is an effect not the cause of warming, its the only decent by product of our lifestyle, you are barking up the wrong tree demanding an Orwellian future.
And Trump will be gone.
SARS officers are cultists, rapists, extortionists, robbers, kidnappers, killers, among others evil they do. No two ways bout it EndSARSNow
How about zero money laundering for criminals and dictators? I suggest that be a better goal
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What about CHINA? What is their target? They are the worlds largest polluter.
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