Reuters reveals Swiss central bank’s $800 billion could be enlisted in climate push

Reuters exclusively reported that the Swiss central bank could be required to pull its $800 billion balance sheet out of investments in fossil fuel companies in a move by one of the world’s biggest reserve banks to tackle climate change. Swiss lawmakers are preparing a campaign that would make targeting climate change one of the policy objectives of the Swiss National Bank, alongside the traditional monetary targets of ensuring price stability and fostering economic growth.