Greenpeace and the WWF want banks to be regulated over their pollution of the planet in much the same way that oil and gas and car companies face a string of rules and deadlines as part of the global push towards meeting net zero emissions by 2050. Even the International Energy Agency, the Paris-based oil watchdog, has waded in, saying that there can be no new investments in oil, gas or coal from this year if governments want to meet the 2050 goal. So where should banking regulators, or the Treasury, lay down the law to banks, asset manager and insurers? Cracking down on finance is the egregious missing part of the jigsaw, according to a report by the two charities, given that the

Source: The Times May 25, 2021 15:56 UTC