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President Xi Jinping met with a group of American business leaders in Beijing including Blackstone Inc.'s Stephen Schwarzman and Qualcomm Inc.'s Cristiano
The upshot: The world’s biggest banks can’t live up to the green regulatory ideal unless they start dumping huge numbers of clients worldwide at a reckless pace and also roil economies in large swathes of the globe that primarily rely on dirty fuels. Faced with that dilemma, many lenders are quietly reeling in their climate ambitions.