Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) became today the latest banks to end association with the climate alliance for banks.
Goldman Sachs Group, Inc (NYSE:GS) and Wells Fargo & Co (NYSE:WFC) already exited from Net-Zero Banking Alliance, the Financial Times reports.
The initiative focused on containing global warming by limiting investment in industries contributing to greenhouse gas emissions.
Citi told the Financial Times it remained committed to its climate goals and planned to channel its efforts toward emerging markets.
BofA told the Financial Times it would collaborate with clients to accomplish climate targets.
Republican lawmakers …Full story available on Benzinga.com
Bank of America, Citigroup Exit Climate Alliance As Trump Policies Shift Energy Priorities
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