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Six big US banks quit net-zero group ahead of Trump presidency
January 09, 2025
|The Guardian
The six biggest banks in the US have quit the global banking industry's net zero target-setting group, with the imminent inauguration of Donald Trump expected to bring political moves against climate action.
JP Morgan is the latest to withdraw from the UN-sponsored Net-Zero Banking Alliance (NZBA), following Citigroup, Bank of America, Morgan Stanley, Wells Fargo and Goldman Sachs. All six have left since the start of December.
Analysts have said the withdrawals are an attempt to head off "anti-woke" attacks from rightwing US politicians after Trump is sworn in on 20 January.
Trump's vows to deregulate the energy sector, dismantle environmental rules and "drill, baby, drill", were a big part of his campaign platform for governing the US, the world's biggest oil and gas producer.
هذه القصة من طبعة January 09, 2025 من The Guardian.
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