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CM - Banks may face major climate scrutiny under proposed plan - March 2020
Senator and former Democratic presidential nomination seeker Elizabeth Warren (Massachusetts) released a plan aiming to increase regulations on fossil fuel financing. The announcement of her plan, which may gain traction in the US Senate as a bill after she dropped out of the race, follows statements by several financial groups that are curtailing energy industry investment. Under Warren’s plan, banks would be required to report how much fossil fuel equity and debt they acquire,......
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