Business
New rule could force banks to lend to oil companies – CNN
Big banks, climate activists and banking reform advocates don’t agree on much, these days, but they have joined forces to denounce a proposed Trump administration…
New York (CNN Business)Big banks, climate activists and banking reform advocates don’t agree on much, but they have joined forces to denounce a proposed Trump administration rule that would make it harder for banks to cut ties with the fossil fuel industry.
If adopted, the proposed regulation would mean that banks could no longer deny loans to fossil fuel companies, gunmakers or other industries simply because those companies don’t match lenders’ corporate values. Banks could only refuse to lend…
