Banks Vote To Limit Accountability for their Carbon Emissions.

Here’s one I missed until today. Think you and I can do this too?


Banks working to develop global standards on accounting for carbon emissions in bond or stock sale underwriting have voted to exclude most of these emissions from their own carbon footprint, three people familiar with the matter said.

The majority of banks comprising an industry working group backed a plan earlier this month to exclude two-thirds of the emissions linked to their capital markets businesses from being attributed to them in carbon accounting, the sources said,

Banks' accounting of these emissions will impact their targets for becoming carbon-neutral. Major lenders have pledged to bring their emissions down to zero on a net basis by 2050, and have set interim targets for this decade.

And banks will hit their net zero target by simply not accounting for their emissions. See how simple that is when your holding the cards and have the power?

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