From the "Good News Network" comes this investing plan on the part of one of the 6 largest banks in the USA.
Goldman Sachs Unveils $750 Billion Climate Plan For Investing in Solutions, and Vows Never to Support Arctic Drilling
With this move, Goldman Sachs becomes the first major U.S. bank to prohibit financing for Arctic oil drilling and the first to establish explicit limits on financing for the oil and gas sector.
“Companies have traditionally treated sustainability as a peripheral issue,” writes Solomon in the FT, “focusing narrowly on the way they manage their impact on the environment. We don’t have the luxury of that limited perspective any more.”
“The evidence of climate change is clear. And, people in both developed and developing countries are questioning the ability of their economies to reward their hard work.”
...
Also included was a similar commitment to refuse all financing and support for coal-fired power plants unless they also included modern carbon capture technology to the degree that the emissions are offset.
Goldman Sachs Unveils $750 Billion Climate Plan For Investing in Solutions, and Vows Never to Support Arctic Drilling
With this move, Goldman Sachs becomes the first major U.S. bank to prohibit financing for Arctic oil drilling and the first to establish explicit limits on financing for the oil and gas sector.
“Companies have traditionally treated sustainability as a peripheral issue,” writes Solomon in the FT, “focusing narrowly on the way they manage their impact on the environment. We don’t have the luxury of that limited perspective any more.”
“The evidence of climate change is clear. And, people in both developed and developing countries are questioning the ability of their economies to reward their hard work.”
...
Also included was a similar commitment to refuse all financing and support for coal-fired power plants unless they also included modern carbon capture technology to the degree that the emissions are offset.
