Financial institutions have moved too slowly in increasing financing for renewables to help meet global 2050 commitments on net zero, said US environmental organisation Sierra Club.
Washington-based environmental organisation the Sierra Club is taking Florida Power & Light to court over a US$811 million rate hike over the next four years that “bilks millions of customers and further locks the Sunshine State into an over reliance on financially risky, climate-disrupting gas,” the group said.