Six Major U.S. Banks Withdraw from Net Zero Alliance Amid Political Climate Changes
- Six major U.S. Banks, including Goldman Sachs and Wells Fargo, have withdrawn from the Net-Zero Banking Alliance amid political changes and threats of antitrust action from Republican politicians.
- The exit of these banks leaves JPMorgan as the only major U.S. Bank still in the alliance, which aims to align financing with climate goals.
- Advocates express concern that the banks' departures signal a decreased commitment to climate change initiatives and may lead to reduced climate-friendly policies.
- The backlash against environmental, social, and governance investing has intensified following the recent election of Republican politicians, including the return of Donald Trump as president.
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Total News Sources0
Leaning Left5Leaning Right18Center8Last UpdatedBias Distribution58% Right
Bias Distribution
- 58% of the sources lean Right
L 16%
C 26%
R 58%
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