Banks told to dump fossil fuels to meet new net zero standard

The Science Based Targets initiative says that, to be 1.5C-aligned, financial institutions must stop funding firms that are expanding fossil fuel production and use
Why we need new laws to end coal, oil and gas - now  
An oil and gas industry worker walks at a facility of OzenMunayGaz company in Zhanaozen in the Mangystau region of Kazakhstan, November 14, 2023. (Photo: REUTERS/Turar Kazangapov)

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