FILE PHOTO: An aerial view shows a deforested plot of the Amazon near Porto Velho, Rondonia State, Brazil, September 17, 2019. REUTERS/Bruno Kelly
UNITED NATIONS (Reuters) - Banks with more than $47 trillion in assets, or a third of the global industry, adopted new U.N.-backed "responsible banking" principles to fight climate change on Sunday that would shift their loan books away from fossil fuels.
Deutsche Bank, Citigroup and Barclays were among 130 banks to join the new framework on the eve of a United Nations summit in New York aimed at pushing companies and governments to act quickly to avert catastrophic global warming.
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