Citigroup and Bank of America Exit Climate-Banking Coalition Amid Political Pressure - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Bishop Mariann Budde's Plea for Mercy Draws Fire from Trump Following Inaugural Prayer Service
user-iconAtlas Winston
side-post-image
India Defeats England by Seven Wickets in First T20: Abhishek Sharma Shines
user-iconGloria Terra
Contact Phone:
Economy

Citigroup and Bank of America Exit Climate-Banking Coalition Amid Political Pressure

share-iconThursday, January 02 comment-icon2 weeks ago 4 views
News sources:
scmpSCMP
Citigroup and Bank of America Exit Climate-Banking Coalition Amid Political Pressure

Credited from: SCMP

  • Citigroup and Bank of America announced their exit from the Net-Zero Banking Alliance (NZBA), adding to recent departures by other major banks.
  • Despite leaving NZBA, both banks affirmed their commitment to achieving net zero emissions in their operations.
  • This trend follows Goldman Sachs and Wells Fargo, reflecting mounting pressure from Republican lawmakers.
  • NZBA is part of the Glasgow Financial Alliance for Net Zero (GFANZ), which aims to mobilize capital for climate initiatives.
  • Both banks plan to continue supporting their clients’ transitions to a low-carbon economy while ensuring energy security.

For more details, visit the original article here.

SHARE THIS ARTICLE:

TAGS:

Citigroup Bank of america Climate-banking Net zero NZBA GFANZ Wall street Green bonds
author-dp

Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

nav-post-picture
date-iconJanuary 02, 2025 Year of the Snake 2025: No Lunar New Year’s Eve Due to Lunar Calendar Quirk
date-iconJanuary 02, 2025 Highlights from Recent Scientific Developments in China: Rail Innovations, Archaeology, and Covid-19 Insights
nav-post-picture
Related Posts
main-post-image
WORLD NEWS
Federal Investigation Reveals 1921 Tulsa Race Massacre as Coordinated Attack by White Mob
date-iconJan 12, 2025
main-post-image
ECONOMY
Surprising Jobs Report Sparks Wall Street's Concern Over Market Risks
date-iconJan 11, 2025
main-post-image
ECONOMY
Wall Street anticipates deregulation and profit surge with Trump's presidency
date-iconJan 11, 2025
main-post-image
ECONOMY
U.S. Stocks Decline as Strong Job Report Fuels Inflation Concerns
date-iconJan 11, 2025
main-post-image
WORLD NEWS
Federal Investigation Reveals Tulsa Race Massacre as a Coordinated Attack, with No Path for Prosecution
date-iconJan 11, 2025
main-post-image
WORLD NEWS
Investigation Reveals Bird Feathers and Blood in Engines of Jeju Air Crash in South Korea
date-iconJan 17, 2025

Stay Connected

main-post-image
Politics
Neil Gaiman Denies Sexual Assault Allegations Amidst Growing Claims
date-icon January 15, 2025
main-post-image
Politics
Trump Proposes New 'External Revenue Service' to Collect Foreign Tariffs
date-icon January 15, 2025
main-post-image
World News
Heated Clash Between Reps. Mace and Crockett Over Trans Rights Escalates to Social Media Sparring
date-icon January 15, 2025
main-post-image
World News
Tragic Knife Attack in Germany Claims Life of Child and Man, Suspect Arrested
date-icon January 22, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Bishop Mariann Budde's Plea for Mercy Draws Fire from Trump Following Inaugural Prayer Service
user-iconAtlas Winston
side-post-image
India Defeats England by Seven Wickets in First T20: Abhishek Sharma Shines
user-iconGloria Terra
© 2025 All rights reserved | PRESS AI WORLD