Wall Street's Major Banks Exit Key Climate Alliance Amid Political Pressure

Reported 2 days ago

Several leading Wall Street banks, including Goldman Sachs and Wells Fargo, have withdrawn from the Net-Zero Banking Alliance (NZBA), a group aimed at reducing carbon emissions. This decision is driven by increasing political pressure as Donald Trump regains influence. Despite their departure, these banks continue to support fossil fuel financing, raising concerns over their commitment to climate goals and prompting calls for government regulations to enforce environmental accountability.

Source: YAHOO

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