Senator Elizabeth Warren accused the financial services industry of being a major contributor to climate change and urged U.S. regulators to hold it to account.Warren, a Massachusetts Democrat, cited a study by the Sierra Club and the Center for American Progress, which shows that eight of the biggest U.S. banks and 10 of its largest asset managers combined finance about 2 billion tons of carbon dioxide emissions. That’s about 1% less than what Russia produced.“The volume of greenhouse gas emitted by the financial-services industry is outrageous,” she said in a tweet. “If it were a country it would rank as the fifth-largest emitter in the world.”
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