Big banks have ramped up their financing of the fossil-fuel industry, according to research by a coalition of environmental advocacy groups. But some of the banks criticized the report, stating that ...

Six years after the financial industry pledged to use trillions to fight climate change and reshape finance, its efforts have ...

LONDON (Reuters) -The banking industry's main group leading the sector's global effort to cut carbon emissions plans to overhaul its structure, it said on Wednesday, after the high-profile exit of ...

There’s an old climate joke that goes, “You may not believe in climate change, but your insurance company does.” If you’re in the market for new environmental humor — and really, who isn’t? — you can ...

In October, the Net Zero Banking Alliance shut down after JPMorgan Chase, Citigroup, Bank of America, Morgan Stanley, Wells Fargo and Goldman Sachs led a stampede of other banks out the door. SPL / ...

It has been publicly reported that the European Central Bank is planning to impose financial penalties (albeit modest ones) on certain banks that have failed to adequately prepare for climate change.

The Bank of England must better address environmental risks to manage inflation and ensure the UK’s long-term financial stability, campaigners have said. The central bank is being urged to take a ...

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