JP Morgan completes Wall Street’s exodus from Net Zero Banking Alliance
All six of the top US banks have now left the climate alliance, two weeks before Donald Trump begins his second term.
JP Morgan, the United States’ largest bank by assets, has now exited the Net Zero Banking Alliance, completing Wall Street’s exodus from the UN climate initiative less than two weeks before Donald Trump begins his second term as President.
The exit follows similar moves by Citi, Bank of America, Wells Fargo, Goldman Sachs and Morgan Stanley, all over the past month or so. It means that all six of the country’s top banks have now left the NZBA alliance, which aims to accelerate the banking sector’s Paris-aligned climate transition.
