Citigroup and Bank of America exit Net-Zero Banking Alliance but stay committed to emissions reduction goals.

Citigroup and Bank of America are leaving the Net-Zero Banking Alliance due to pressure from Republican lawmakers, who oppose groups supporting carbon emission reductions. However, both banks will stay committed to achieving net-zero emissions and will continue their involvement with the UN-backed Glasgow Financial Alliance for Net Zero. They plan to keep working with clients on reducing greenhouse gases.

January 01, 2025
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