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Banks' ESG Commitments Under Scrutiny
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Overview
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Bank of America and JPMorgan Chase face criticism for backtracking on their promises to not finance new coal projects, aligning with opposition to ESG considerations in finance. The article also highlights challenges faced by the ESG sector, including opposition, outflow of funds, and investments shifting to energy security.
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How might the backtracking on ESG commitments by major banks impact the broader sustainability initiatives in the finance industry?
In what ways can the shift in investments to energy security impact the future of the ESG landscape?
What steps can be taken to address the opposition and regulatory changes affecting the ESG sector?
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