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StanChart’s Tracey McDermott says fossil fuel investing could boost green revolution
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Banks should continue funding fossil fuel companies if they are helping to lead the green transition, the chair of the Net-Zero Banking Alliance said.
Tracey McDermott, the former acting head of the Financial Conduct Authority — now head of conduct, financial crime and compliance at Standard Chartered — said traditional power companies are going to be key to developing new tools to combat climate change.
“Who...
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