Banks Ditch Net Zero as Climate Alliances Crumble

A few years ago, the world’s biggest banks and asset managers raced to commit to funding the energy transition and drop fossil fuel projects from portfolios as they came under shareholder and market pressure to join net-zero alliances.   But after years of scrutiny and blacklisting from Republican states in the U.S. and lawsuits from Republican attorney generals, North American banks and asset managers began quitting net-zero alliances en masse following President Donald Trump’s election victory.  Net Zero Exodus …