For all its attractive symbolism, divestment isn’t going to shrink the fossil-fuel industry, writes greg_ip
Attendees at the World Economic Forum in Davos last week repeatedly heard that the path to a carbon-free future runs through the financial system. “Banks, insurers and pension funds are as culpable for the climate emergency as the fossil-fuel industry,” Greenpeace charged. “Immediately and completely divest from fossil fuels,” Swedish teenager and climate activist Greta Thunberg demanded.
And indeed, environmentally conscientious bankers and investors are rushing to get on the right side of history by shunning coal, Canadian...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK financial watchdog questions banks on overdraft pricingBritain's Financial Conduct Authority (FCA) said on Tuesday it had requeste...
Read more »
ECB gives banks a reason to sort themselves outEurope’s lenders have stronger balance sheets but aren’t very profitable, the regulator’s annual review shows. Executives blame low interest rates and strict capital rules, but these won’t change soon. If banks are too slow to cut costs or merge, they face even closer scrutiny.
Read more »
Former 'America's Got Talent' host Tyra Banks praises Gabrielle Union amid show dramaTyra Banks is praising Gabrielle Union following the former judge's exit from 'America's Got Talent,' saying she was 'beautiful' and 'vulnerable.'
Read more »
In post-repo squeeze twist, Fed may nudge up interest paid to banksOne potential side effect of the U.S. Federal Reserve's efforts to pump liq...
Read more »
Analytics Firm Whip Media Banks $50 Million, Promises New Tools for Valuing Content-Licensing DealsWhip Media Group — formed by TV Time’s acquisition of Mediamorph last year — closed a new tranche of $50 million in funding that the company claims will let it build unprecedented…
Read more »
U.S. banks on Hong Kong Exchange's 'named and shamed' listWall Street investment banks JPMorgan and Morgan Stanley have been placed on the...
Read more »