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Green Trillions Face ‘Acid Test’ After Bankers Toast COP Pledges

  • GFANZ’s $130 trillion announcement draws praise, skepticism
  • Big question is whether lenders can slow fossil-fuel financing
Catherine Howarth
Catherine HowarthSource:ShareAction

The City of London’s top ambassador was in celebration mode Wednesday night.

Speaking to the 150 climate-summit guests gathered for a nightcap on the banks of the River Clyde in Glasgow, Lord Mayor of London William Russell toasted the finance industry. Its commitment to fighting climate change, he said, had been confirmed that day.