Reported 10 months ago
As the Trump 2.0 administration approaches, prominent Wall Street banks, including Morgan Stanley, Citigroup, and Bank of America, have exited the UN-backed Net Zero Banking Alliance, citing political pressures rather than a rejection of climate goals. While some banks reaffirm their commitment to net-zero targets, they face criticism from GOP figures who label these climate initiatives as a 'climate cartel.' Notably, some banks still participate in broader climate initiatives, indicating a complex landscape of commitment amid shifting political tides.
Source: YAHOO