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Wells Fargo exits Net-Zero Banking Alliance under political pressure from Republicans.
Wells Fargo has left the Net-Zero Banking Alliance, following Goldman Sachs, amid growing pressure from Republican lawmakers.
Texas Attorney General Ken Paxton praised the move, linking it to his office's review of the bank's relations with energy companies.
The departures come as part of a broader trend of financial institutions distancing themselves from climate-focused groups due to political scrutiny.
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Wells Fargo sale de Net-Zero Banking Alliance bajo presión política de los republicanos.