Saturday, 18 January 2025

Focus on Reclaim Finance

FILE PHOTO: Activists protest against fossil investments before the annual general meeting of the Swiss National Bank (SNB) in Bern, Switzerland, April 26, 2024. REUTERS/Denis Balibouse/File Photo
AnalysisBusinessClimateEconomyEmissionsEnvironmentPoliticsRegulations

Analysis: Exodus by Wall Street banks from climate group worries advocates

U.S. banks exit climate coalition NZBA amid political pressure, raising concerns over their commitment to reducing fossil fuel financing.

Climate activists held a banner reading 'Banks dirty our future. Let's block them' outside the headquarters of French bank Societe Generale in 2019. Protests are one of the risks bank face over their response to climate change (AFP)
AnalysisBusinessClimateCoalCourtsEconomyEmissionsEnvironmentLegislationNatural GasOilRegulations

From floods to regulations: Climate change poses complex risks for the banking sector

Climate change poses risks to banks on several levels: it can directly impact their finances, tarnish their image and land them in the...

FILE PHOTO: The Lloyd's of London building is reflected in a window in the City of London financial district in London, Britain, February 1, 2018. REUTERS/Simon Dawson//File Photo
BusinessClimateClimate FinanceEconomyEmissionsEmissions MarketsNatural GasNewsOilPoliticsRegulationsTrade

Lloyd’s of London must stop supporting fossil fuel expansion, says NGO

The Lloyd's of London market is undermining climate action and should impose binding rules to prevent insurers supporting fossil fuel expansion, NGO Reclaim...

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