Clear. 26.4   F New York
AI-Powered News Summarizer
Top Stories

Bank of America and BP are backing Prince Charles' new climate effort

January 11, 2021. Summarized by summa-bot.

Compression ratio: 67.2%. 1 min read.

12/17/2020 - The Prince of Wales meets with front line health and care workers administering and receiving the Covid-19 vaccine during a visit to the Gloucestershire Vaccination Centre at Gloucestershire Royal Hospital. (Photo by PA Images/Sipa USA) *** US Rights Only ***

Prince Charles is leading a fresh charge to tackle the climate crisis, this time with the support of several major companies including Bank of America and BP.

London (CNN Business)Prince Charles is leading a fresh charge to tackle the climate crisis, this time with the support of several major companies including Bank of America (BAC) and BP (BP).

The Prince of Wales is launching a "Terra Carta," or Earth Charter, and urging other firms to commit to practical action to set the planet on a more sustainable trajectory.

The charter, which will be unveiled during the One Planet Summit in Paris on Monday, seeks to protect the world's natural resources and accelerate the transition to a greener future.

"I can only encourage, in particular, those in industry and finance to provide practical leadership to this common project, as only they are able to mobilize the innovation, scale and resources that are required to transform our global economy," Prince Charles said in a statement.

A lifelong environmentalist and heir to the British throne, the Prince of Wales warned at last year's World Economic Forum in Davos, Switzerland that the planet faces disaster without a revolution in the way the global economy and financial markets work.

At that event, he launched the Sustainable Markets Initiative (SMI), co-chaired by Bank of America CEO Brian Moynihan, to put people and planet "at the heart of global value creation. "

Summarizer is on Google News. Now you can get the latest AI summarized news on your favorite news platform.

Don't like Google News? We have an RSS Feed for you.

Suggestions