Six Big US Banks Quit Net Zero Alliance (theguardian.com)
(Wednesday January 08, 2025 @11:41AM (msmash)
from the times,-they-are-a-changin' dept.)
- Reference: 0175851475
- News link: https://news.slashdot.org/story/25/01/08/1515243/six-big-us-banks-quit-net-zero-alliance
- Source link: https://www.theguardian.com/business/2025/jan/08/us-banks-quit-net-zero-alliance-before-trump-inauguration
An anonymous reader shares a report:
> The six biggest banks in the US have all [1]quit the global banking industry's net zero target-setting group , with the imminent inauguration of Donald Trump as president expected to bring political backlash against climate action.
>
> JP Morgan is the latest to withdraw from the UN-sponsored net zero banking alliance (NZBA), following Citigroup, Bank of America, Morgan Stanley, Wells Fargo and Goldman Sachs. All six have left since the start of December. Analysts have said the withdrawals are an attempt to head off "anti-woke" attacks from rightwing US politicians, which are expected to escalate when Trump is sworn in as the country's 47th president in just under a fortnight. Trump's vows to deregulate the energy sector, dismantle environmental rules and "drill, baby, drill," were a big part of his campaign platform and are expected to form a key part of his blueprint for governing the US, the world's biggest oil and gas producer.
[1] https://www.theguardian.com/business/2025/jan/08/us-banks-quit-net-zero-alliance-before-trump-inauguration
> The six biggest banks in the US have all [1]quit the global banking industry's net zero target-setting group , with the imminent inauguration of Donald Trump as president expected to bring political backlash against climate action.
>
> JP Morgan is the latest to withdraw from the UN-sponsored net zero banking alliance (NZBA), following Citigroup, Bank of America, Morgan Stanley, Wells Fargo and Goldman Sachs. All six have left since the start of December. Analysts have said the withdrawals are an attempt to head off "anti-woke" attacks from rightwing US politicians, which are expected to escalate when Trump is sworn in as the country's 47th president in just under a fortnight. Trump's vows to deregulate the energy sector, dismantle environmental rules and "drill, baby, drill," were a big part of his campaign platform and are expected to form a key part of his blueprint for governing the US, the world's biggest oil and gas producer.
[1] https://www.theguardian.com/business/2025/jan/08/us-banks-quit-net-zero-alliance-before-trump-inauguration
Net Zero is insufficient anyway (Score:2)
by polyp2000 ( 444682 )
Net Zero is far from the target we need to aim for to solve climate breakdown.
Its bad that were not even going to aim that high.
Folks Im telling you, its time to get prepping! Our future is toast.
Trump, the president of death (Score:2)
by gweihir ( 88907 )
Death of the human race, that is. What a repulsive piece of shit.
Credit unions. (Score:3)
Take your money out of big banks, and switch to credit unions. NCUA instead of FDIC insured, but you're still insured, and you're not functionally loaning your money to a giant multinational conglomerate.