Banking: European Parliament LAWMAKERS Want To Halt Bank Funding For New Hydrocarbons Via Basel 4

 Via Fin guy J. Borgen

Little bombshell in the EP's proposed amendments on Basel 4 for banks: several proposals to severely penalise fossil fuels.

1) Exposures to existing fossil fuel at 150% risk weight
2) Exposures to new fossil fuel at 1250% risk weight!

— JohannesBorgen (@jeuasommenulle) August 23, 2022

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