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Bloomberg: Wall Street Clashes With Green Bankers Fed Up With Oil Agenda

Bloomberg, February 20, 2023, Wall Street Clashes With Green Bankers Fed Up With Oil Agenda

The Net-Zero Banking Alliance, which is a sub-unit of the Glasgow Financial Alliance for Net Zero, faces a potentially embarrassing mutiny from some of the world’s most climate-conscious lenders after it decided against imposing binding restrictions on fossil-fuel financing. One lender, Germany’s GLS Bank, has already walked out in protest. Now, others say they may follow.

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