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US climate finance alliance exodus will not affect Poseidon Principles

The exodus from the Net Zero Banking Alliance is largely a case of political pragmatism, but it will shift the focus for green lending disclosure and targeting

Banks are leaving climate-targeting alliances under pressure from a US-led ‘woke capitalism’ backlash, but that will not spill over into shipping’s Poseidon Principles for green ship finance and may ultimately expose the difference between what banks are saying and what they are doing

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