'Financial cakeism': Study finds reluctance to give up fossil fuels undermining financial firms' climate ambitions

clock • 4 min read
Credit: iStock
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Credit: iStock

New survey from South Pole finds nearly three-quarters of financial institutions have no plans to reduce fossil fuel exposure over the next decade, despite their growing desire to decarbonise portfolios

Global financial institutions appear to find themselves "at a critical crossroads" as mounting pressure to decarbonise their lending and investments rubs up against their continuing - and somewhat contradictory...

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