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Six big US banks quit net-zero group ahead of Trump presidency

The Guardian

|

January 09, 2025

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.

- Damien Gayle

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.

The Guardian से और कहानियाँ

The Guardian

The Guardian

BP announces its first female CEO as Auchincloss quits after just two years

BP's board has appointed its first female chief executive in a move to revive the oil company's fortunes, after ousting Murray Auchincloss less than two years into his role.

time to read

2 mins

December 19, 2025

The Guardian

Government denies trying to break jailed pro-Palestine activists

The government is “not trying to break the bodies” of Palestine Action protesters on hunger strike, a minister has insisted, after a doctor said eight of the activists are dying.

time to read

1 mins

December 19, 2025

The Guardian

The Guardian

England's hopes melt away in sun as Cummins glows with authority

Tourists teetering 158 behind after Australia captain leads fine bowling display by hosts

time to read

4 mins

December 19, 2025

The Guardian

The Guardian

EU leaders race to reach deal on funding Ukraine

European Union leaders are racing to secure a funding deal for Ukraine that has been cast as a choice between “money today or blood tomorrow”, as Belgium comes under rising pressure over its opposition to a loan secured against Russia's frozen assets.

time to read

3 mins

December 19, 2025

The Guardian

The Guardian

New Epstein photos show quotes from Lolita written on women

Images released before deadline for Department of Justice to publish files

time to read

3 mins

December 19, 2025

The Guardian

The Guardian

Rayner memoir fuels leadership speculation

Angela Rayner is writing a memoir about her rise to become deputy prime minister and her subsequent fall from grace, the Guardian can confirm, in a move that will be seen as an attempt to set the narrative before any leadership contest.

time to read

3 mins

December 19, 2025

The Guardian

Lyon’s wait for golden wickets is finally over

Going second on Australia’s all-time list, the off-spinner kept his cool on return as temperatures soared

time to read

3 mins

December 19, 2025

The Guardian

Bank of England cuts interest rates to 3.75% in boost for economy

The Bank of England has cut interest rates by a quarter point, giving a pre-Christmas boost to the struggling UK economy, but a split vote among its rate setters pointed to continued concerns about inflation.

time to read

3 mins

December 19, 2025

The Guardian

China introduces condom tax as it tries to boost birthrate

China is set to impose a value-added tax (VAT) on condoms and other contraceptives for the first time in three decades, as the country tries to boost its birthrate and modernise tax laws.

time to read

2 mins

December 19, 2025

The Guardian

The Guardian

Kenyan vet Munyua bites back to neuter De Decker

The Kenyan debutant David Munyua created one of the biggest shocks in the history of the PDC World Darts Championship by beating the 18th seed, Mike De Decker.

time to read

1 mins

December 19, 2025

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