United Nations Secretary-General António Guterres has asserted there must be “no new investment in fossil fuel expansion” and that private finance must totally divest from coal.
“For too long, the financial services sector has enabled the world’s fossil fuel addiction,“ said Guterres, a former president of Socialist International, an association of national socialist parties that advocates a democratic form of socialism. ”It is now time for financial service providers to accelerate the shift to renewables. They have the power—and the responsibility.
