🇺🇸WALL STREET’S CLIMATE PLEDGES MELT: BIG BANKS EXIT NET-ZERO ALLIANCE
Goldman Sachs, Citigroup, and Bank of America are out of the Net-Zero Banking Alliance, saying “thanks, but no thanks” to its carbon-cutting goals.
The reason? Political heat and a focus on keeping clients happy.
Critics say the alliance was more talk than action anyway, as fossil-fuel financing actually increased since 2021.
Now, activists are calling for stricter rules, claiming banks won’t cut emissions unless they’re forced.
The question is: Who’s really going to hold Wall Street accountable?
Sources: Bloomberg
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