Japan's Asia Zero Emission Community (AZEC) initiative, aimed at fostering regional decarbonization, has faced criticism for promoting fossil fuel projects, with over one-third of its agreements supporting such technologies. Critics argue that this approach undermines genuine emissions reductions and perpetuates reliance on fossil fuels, despite Japan's commitment to end financing for unabated fossil energy. While some agreements focus on renewable energy, the majority still favor fossil-based solutions, raising concerns about long-term climate impacts in Southeast Asia.
Bank of America plans to open 165 new branches by the end of 2026, joining other major banks like JPMorgan Chase and PNC in expanding their physical presence after years of downsizing. This strategy aims to attract wealth management and small-business clients, transforming branches into hubs for financial advice. Since 2014, the bank has invested $5 billion in renovating over 3,000 locations, despite 95% of customer interactions occurring online.
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