Posts Tagged ‘high-carbon’
$22-Trillion Time Bomb’ Ahead Unless Banks Drop High-Carbon Investments, Moody’s Warns
This article was originally written and published by The Energy MIx on November 28, 2021. Financial institutions are facing a US$22-trillion time bomb due to their investments in carbon-intensive industries, Bloomberg News reports, citing a study last week by Moody’s Investment Services. “Unless these firms make a swift shift to climate-friendly financing, they risk reporting…
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