Is the Fight Against Climate Change Losing Momentum? Some financial institutions are backing away from emission pledges.

It’s because of how they are financed and evaluated. Their investors/financiers expect a constant return on investment as well as yearly financial growth to justify their high stock values. It doesn’t matter if they have big enough or are already producing max profit. Gotta keep growing to match inflation which is also tied to growth. All powering a runaway train in which there is no conductor.