Wells Fargo departs climate banking group in another high-profile exit after Goldman

Wells Fargo Berita

Wells Fargo departs climate banking group in another high-profile exit after Goldman
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Wells Fargo WFC.N has withdrawn from a group of global banks committed to curbing greenhouse gas emissions , increasing the number of high-profile firms exiting climate initiatives amid mounting political pressure.The bank has ended its membership in the Net-Zero Banking Alliance, a spokesperson said on Friday, two weeks after another notable exit by Goldman SachsGS.N.

N were accused of violating antitrust law through climate activism in a lawsuit by Texas and 10 other Republican-led states.Wells Fargo, however, did not give a reason behind the move."The alliance prefers not to see any bank leave but respects the decision Wells Fargo has made based on its own individual circumstances," an NZBA spokesperson said.

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