Reported about 1 month ago
Recent protests by climate activists against Citibank highlight Wall Street's reversal on its climate goals. After promising to reduce carbon footprints, major banks are now hesitating to cut ties with fossil fuel projects amid political pressures and profit-driven motives. This shift raises concerns among climate advocates about the financial sector's commitment to sustainability as oil and gas production increases, potentially undermining long-term climate goals.
Source: YAHOO