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Msg  449688 of 452381  at  9/21/2022 8:52:08 AM  by

Pipewelder39


Second thoughts about Carney's Climate Crusade

Another straw in the wind.  Here's from the pink paper:
 

Wall Street banks including JPMorgan, Morgan Stanley and Bank of America have threatened to leave Mark Carney’s financial alliance to tackle climate change because they fear being sued over increasingly stringent decarbonisation commitments.

 In tense meetings in recent months, some of the most significant members of the Glasgow Financial Alliance for Net Zero have said they feel blindsided by tougher UN climate criteria and are worried about the legal risks of participation, according to several people involved in internal discussions.

 “I am close to taking us out of these global green commitments — I’m not going to allow third parties to create legal liabilities for us and our shareholders. It is immoral and irresponsible,” one senior executive at a US bank said. “What if we get it wrong, make a mistake or someone lies? Then the bank can be sued, that is an unacceptable risk.”

  Full article at this link here
 


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Msg # Subject Author Recs Date Posted
449700 Re: Second thoughts about Carney's Climate Crusade ScottMc 7 9/21/2022 9:34:58 AM




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