Environmentalists Seek Tougher Rules For ‘High-Carbon’ Banking Sector

December 15, 2021
Environmentalists are ramping up their calls for tougher regulations on banks and financial markets to curtail financing of fossil fuel development and other high-carbon activities, arguing that such lending enables a huge amount of greenhouse gas emissions. “The findings of this report make clear the U.S. financial sector is a major contributor of climate change. It should be considered a high-carbon sector and treated as such,” argues a Dec. 14 report issued by the Center for American Progress (CAP) and...


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