ESG & Investing
JPMorgan Quits Climate Finance Group, Following Citi, BofA
- Other banks to have exited include Goldman, Morgan Stanley
- Exits coincide with growing GOP pressure on ‘woke’ finance
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JPMorgan Chase & Co. just became the last of Wall Street’s biggest banks to abandon the industry’s largest climate-finance alliance.
The No. 1 US bank by assets said in an email on Tuesday that it will no longer be a member of the Net-Zero Banking Alliance.