US Energy Secretary Chris Wright has criticized Wells Fargo’s environmental goals, prompting the bank to drop its targets. In a statement, Wells Fargo announced it is discontinuing sector-specific 2030 interim financed emissions targets and its goal to achieve net zero by 2050 for financed emissions.
Source: https://www.bloomberg.com/news/articles/2025-02-28/wells-fargo-abandons-net-zero-targets-amid-wall-street-retreat