Africa > US banks threaten to quit Carney climate finance group over legal risks

US banks threaten to quit Carney climate finance group over legal risks

Published 01:08 on September 22, 2022  /  Last updated at 01:17 on September 22, 2022  /  Africa, Americas, Asia Pacific, EMEA, International, Nature-based, US, Voluntary

A number of large US investment banks are threatening to leave the Glasgow Financial Alliance for Net Zero (GFANZ) over legal fears, putting in jeopardy the future of the coalition of institutions formed last year by UN climate envoy and former central bank head Mark Carney to help fight climate change.
A number of large US investment banks are threatening to leave the Glasgow Financial Alliance for Net Zero (GFANZ) over legal fears, putting in jeopardy the future of the coalition of institutions formed last year by UN climate envoy and former central bank head Mark Carney to help fight climate change.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.