News Snapshot:
In the run-up to this year’s UN Climate Change Conference in Glasgow (COP26), a growing number of companies hopped on the sustainability bandwagon, declaring commitments to achieve carbon neutrality — net-zero carbon-dioxide emissions — by the middle of the century. Among the many ambitious announcements to come out of COP26 is that almost 500 financial-services firms have “agreed to align US$130 trillion — some 40 percent of the world’s financial assets — with the climate goals set out in the Paris agreement, including limiting global warming to 1.5°C.” However, many commentators have been skeptical about such proclamations, suggesting that they...
