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Wall Street Clashes With Green Bankers Fed Up With Oil Agenda – Ben Caldecott comments




A number of banks in the Net Zero Banking Alliance (NZBA), the world’s biggest climate-finance alliance, are reviewing their membership in objection to perceived concessions to Wall Street, Bloomberg have reported.

Commenting in Bloomberg, CGFI Director Dr Ben Caldecott said that, given the Alliance’s size, “it was always going to be hard” to be the high ambition coalition. “It has real leaders and it has some laggards, and that reflects what it is trying to achieve: improving practice across a variegated industry”‘