Citigroup joins US lenders in exiting Net-Zero Banking Alliance

Citigroup announced on Tuesday that it is exiting the Net-Zero Banking Alliance (NZBA), a group of global banks committed to reducing greenhouse gas emissions.

It follows the exits of Wells Fargo and Goldman Sachs earlier this month.

Financial firms have scaled back net-zero efforts to avoid alienating Republican policymakers who oppose restricting fossil fuel financing, Reuters has reported.

read more: https://finance.yahoo.com/news/citigroup-joins-us-lenders-exiting-230351719.html

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