Banks’ Trillions in Climate Financing Pledges Are Bailout Hazard, Experts Warn

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Banks’ Trillions in Climate Financing Pledges Are Bailout Hazard, Experts Warn
The offices of Investment banking company J.P. Morgan in London on Sept. 2, 2020. DANIEL LEAL-OLIVAS/AFP via Getty Images
Petr Svab
Updated:
News Analysis

Trillions in financing pledged by banks to climate change projects present an unprecedented gamble that could end up in potentially the largest government bailout ever seen, warned several experts on environmental policy and investment.

Petr Svab
Petr Svab
reporter
Petr Svab is a reporter covering New York. Previously, he covered national topics including politics, economy, education, and law enforcement.
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