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 Market  /  No Comments

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.

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