Time to take it to the banks

Climate Finance

Time to take it to the banks

Is banks' rush to commit to net zero by 2050 actually a greenwash smokescreen to avoid more immediate actions? The climate revolution threatens the world’s banks. When it comes to divesting, they no longer have the option to hide behind that condescending “you don’t understand” mask. In many respects, U.S. banks in particular face the prospect of a wholesale adjustment to their financial underpinnings.  Like every country, company and organization, banks are being pressured to heed the global call for a “net zero”, carbon neutral economy by 2050. Among U.S.…

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