Exclusive-Shareholder group pressures US banks to drop fossil fuels faster By Reuters – Investing.com
- Date: 16-Dec-2021
- Source: Investing.com
- Sector:Financial Services
- Country:Middle East
Exclusive-Shareholder group pressures US banks to drop fossil fuels faster By Reuters – Investing.com
By Ross Kerber and Elizabeth Dilts Marshall
(Reuters) - Climate-focused investors are calling on the major U.S. banks to quickly scale back their financing of new fossil fuel development, saying current commitments by the banks to curb global emissions are not enough.
The investors have filed resolutions to try to bring the matter to shareholder votes at the annual meetings of the banks in 2022, according to documents seen by Reuters.
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