A growing number of banks and asset managers are pulling out of climate initiatives, designed to gear investment practices towards net-zero goals. What’s driving the exodus, and what will it mean for efforts to curb climate change?

A growing number of banks and asset managers are pulling out of climate initiatives, designed to gear investment practices towards net-zero goals. What’s driving the exodus, and what will it mean for efforts to curb climate change?

Why big banks are backing out of climate initiatives

Three stories to expand your worldview, delivered daily. Matt Galloway cuts through a sea of choice to bring you stories that transcend the news cycle. Conversations with big thinkers, household names, and people living the news. An antidote to algorithms that cater to what you already know — and a meeting place for diverse perspectives. In its 20 years, the Current has become a go-to place for stories that shape and entertain us. Released daily, Monday to Friday. The Current is produced in Toronto, Ontario, Canada — and has recently recorded live shows about the Canadian election in Surrey and Burnaby BC. And shows to come in Oshawa and the 905, Red Deer, Alberta, Quebec City and Halifax.

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Three stories to expand your worldview, delivered daily. Matt Galloway cuts through a sea of choice to bring you stories that transcend the news cycle. Conversations with big thinkers, household names, and people living the news. An antidote to algorithms that cater to what you already know — and a meeting place for diverse perspectives. In its 20 years, the Current has become a go-to place for stories that shape and entertain us. Released daily, Monday to Friday. The Current is produced in Toronto, Ontario, Canada — and has recently recorded live shows about the Canadian election in Surrey and Burnaby BC. And shows to come in Oshawa and the 905, Red Deer, Alberta, Quebec City and Halifax.

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Why big banks are backing out of climate initiatives

Why big banks are backing out of climate initiatives

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