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Democrats Want Mandate To Stop Banks From Funding Oil & Gas After 2030

September 25, 2021 by

The bill requires the Fed to mandate large banks to commit to 50 percent reduction in financed emissions by 2030 and 100-percent reduction in financed emissions by 2050. The Fed mandate, as per the bill, would also ban the financing of all fossil fuel projects after 2030 and prohibit thermal coal financing after 2024.

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