Concern Grows as Major U.S. Banks Depart Climate Coalition - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Over One Million Flee Sudan Conflict to South Sudan, UN Reports
user-iconGloria Terra
side-post-image
Desperate Gazans Unearth Bodies Amidst Ruins, Seeking Dignified Graves for Lost Loved Ones
user-iconGloria Terra
Contact Phone:
Politics

Concern Grows as Major U.S. Banks Depart Climate Coalition

share-iconMonday, January 06 comment-icon2 weeks ago 5 views
News sources:
reutersREUTERS
Concern Grows as Major U.S. Banks Depart Climate Coalition

Credited from: REUTERS

  • Major U.S. banks, including **Goldman Sachs**, **Wells Fargo**, and **Citi**, have recently departed from the **Net-Zero Banking Alliance (NZBA)**.
  • This exodus is alarming climate advocates who fear a decline in the banks' commitment to addressing **fossil fuels** and climate change.
  • Republican politicians have pressured these banks, suggesting membership in the NZBA may breach **antitrust rules**.
  • Analysts fear that these banks may now weaken their existing **climate targets** and policies.
  • The NZBA continues with **142 members** representing $64 trillion in assets, predominantly from European banks, amidst ongoing scrutiny from advocates.

Read more about this issue in the full article here.

Gallery

SHARE THIS ARTICLE:

TAGS:

Wall street Climate change Fossil fuels Net-zero banking alliance Banking Sustainability
author-dp

Author:

Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

nav-post-picture
date-iconJanuary 17, 2025 Donald Trump's Official Portrait Released, Echoing Mugshot Vibes
date-iconJanuary 06, 2025 India's Services Sector Closes 2024 Strong, PMI Data Reveals
nav-post-picture
Related Posts
main-post-image
WORLD NEWS
Trump's First Day Actions: Major Environmental Rollbacks and Controversial Cabinet Picks Spark Outrage
date-iconJan 22, 2025
main-post-image
WORLD NEWS
European Leaders Reinforce Commitment to Paris Agreement Amid U.S. Withdrawal at Davos
date-iconJan 21, 2025
main-post-image
WORLD NEWS
Trump's Second Withdrawal from Paris Climate Agreement: A Setback for Global Climate Efforts
date-iconJan 21, 2025
main-post-image
POLITICS
Trump's Day 1 Executive Orders Mark a Departure from the Biden Administration
date-iconJan 21, 2025
main-post-image
POLITICS
Trump's Second Term: A Bold Start with Major Cabinet Appointments and Controversial Energy Policies
date-iconJan 21, 2025
main-post-image
POLITICS
Marcus Rashford Remains Hopeful for Manchester United Return Amid Transition Period
date-iconJan 20, 2025

Stay Connected

main-post-image
World News
Donald Trump's Official Portrait Released, Echoing Mugshot Vibes
date-icon January 17, 2025
main-post-image
Politics
CNN Found Liable for Libeling Navy Veteran in Defamation Case
date-icon January 18, 2025
main-post-image
World News
David Lynch, Iconic Filmmaker Behind 'Twin Peaks' and 'Mulholland Drive,' Passes Away at 78
date-icon January 17, 2025
main-post-image
Economy
Reliance Industries Reports 12% Profit Growth in Q3 Driven by Retail Surge and Telecom Success
date-icon January 17, 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
Over One Million Flee Sudan Conflict to South Sudan, UN Reports
user-iconGloria Terra
side-post-image
Desperate Gazans Unearth Bodies Amidst Ruins, Seeking Dignified Graves for Lost Loved Ones
user-iconGloria Terra
© 2025 All rights reserved | PRESS AI WORLD