Wall Street Snubs Brazil Talks as AI Dominates Energy Agenda (1)

In a few days, the finance industry’s fundamentally altered approach to climate change will be on full display.

Gone are the days of bankers on bicycles handing out bamboo business cards, as they did in Glasgow for the COP26 summit in 2021. Gone, too, are most of the commitments to net zero alliances unveiled back then.

In fact, this year’s COP30 summit in Brazil will be conspicuously free of top-level Wall Street bankers discussing how to cut their financed emissions. That’s because instead of fretting over 1.5C, big finance is now laser focused on meeting demand for energy supply and ...