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That’s a comfort to know, as that is precisely the type of project I build. I arrange guarantees for working capital loans to farmers which include in their ter
by Biologist123 3y ago
That’s a comfort to know, as that is precisely the type of project I build. I arrange guarantees for working capital loans to farmers which include in their terms requirements for a transition to sustainable agricultural practice.
But this doesn’t get around the problem: how to stop financing of projects which damage the environment? And that’s also the problem raised in the parent Bloomberg article. The usual response is that government must legislate to stop these businesses. But the reality is that governments won’t do something banks don’t want. That’s the Catch22 I described in my first comment.