The government should impose clear rules on financial firms, just as oil and gas and transport companies face deadlines to cut emissions, the organisations have said. SponsoredFinance is said to generate about 800 million tonnes of annual carbon emissions, 1.8 times the emissions of the UK, making it the ninth largest source of emissions in the world. The emissions are calculated on the basis of finance provided by banks and asset managers to companies. Britain is home to a collection of some of the world’s biggest oil companies. The charities say that financial services should be considered

Source: The Times May 24, 2021 22:52 UTC