Major financial institutions are backing away from prominent net zero climate alliances, marking a significant shift in the financial sector’s approach to carbon emission goals.
Phil Kerpen, president and CEO of American Commitment, joins John Hines to discuss a new report examining the retreat from groups including the Net-Zero Banking Alliance, Net Zero Asset Managers initiative and Climate Action 100+. Kerpen explains why major U.S. banks have left these organizations, how climate-related financial policies changed under the Trump administration, and concerns over climate goals influencing lending and investment decisions.
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Source: One America News Network
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