Investments

One of Germany's greenest banks has quit the world's biggest climate-finance alliance in protest, citing concerns that Wall Street is preventing the group from achieving its stated goal.

The models that underpin the central bank's climate risk management exercise are deeply flawed and unsuited to the task at hand.

Proposals submitted to several of the largest U.S. banks seek stronger commitments on reducing financing for the fossil-fuel industry and 2030 greenhouse gas emission targets.

The Nebraska Bankers Association says legislation to prevent the state treasurer from depositing public funds in banks that would use them to fund environmental or social causes is "too vague."

Six Wall Street banks are being pressed by a group of shareholders to move faster on reducing their financing of fossil fuels to meet global climate goals.

Community bankers already have decades of experience managing concentration risks and responding to extreme weather events and natural disasters in their communities.

Citigroup and Bank of America have done more to support the expansion of fossil-fuel companies than any other lenders claiming to target net-zero financed emissions, according to a new analysis comparing industry pledges to action.

The Pittsburgh bank said the commitment supports its community benefits plan and will help meet client demand for climate-friendly investments.

Matthew Quale was formerly the president of Bask Bank, a standalone digital brand under Texas Capital Bancshares.

But it's not that green financing is finally winning out over fossil-fuel lending. Rather, Big Oil looks to be getting more money from elsewhere.