Why Major Banks Are Backing Out of Net Zero Commitments – Crude Oil Prices Today | OilPrice.com

Crude Oil Prices Today | OilPrice.com

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Summary

Reasons for this shift include a perceived lack of tangible business value from previous ESG initiatives, cost-cutting pressures, and the difficulty in implementing and assessing climate-related risks.

Key financial institutions, including Goldman Sachs, JP Morgan, HSBC, and Barclays, have exited t…

Source: Crude Oil Prices Today | OilPrice.com

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