Citi, JPMorgan Chase and Morgan Stanley have formed the Carbon Principles which are a set of climate change guidelines aimed at advisers and lenders to power companies in the US.
ôThe need for these principles is driven by the risks faced by the power industry as utilities, independent producers, regulators, lenders and investors deal with the uncertainties around regional and national climate change policy,ö the banks said in a statement.
The principles were developed by the banks over a...
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