ESG & Investing
JPMorgan, Morgan Stanley Signal Doubts on Carney’s Climate Group
The banks’ misgivings surfaced at recent meetings after more stringent decarbonization targets were proposed.
Mark Carney
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Money appeared to be no object when Mark Carney, the former central banker, brought together financial firms managing more than $130 trillion of assets behind a pact to rapidly slash greenhouse gas emissions.
“We have all the money we need for the transition,” he declared at last year’s United Nations climate summit.