Citigroup leaves Net-Zero Banking Alliance, following Wells Fargo and Goldman Sachs

From Investing.com: 2024-12-31 18:05:44

Citigroup exits Net-Zero Banking Alliance, becoming third major U.S. lender to leave after Wells Fargo and Goldman Sachs. Financial firms incorporating net-zero standards but scaling back initiatives to avoid backlash from Republican policymakers. NZBA aims for members to achieve net-zero carbon emissions by 2050. BlackRock, Vanguard, and State Street facing antitrust lawsuit for climate activism.



Read more at Investing.com: Citigroup joins US lenders in exiting Net-Zero Banking Alliance By Reuters