US banking giant Wells Fargo has withdrawn from the world’s largest climate alliance for banks, following Goldman Sachs’ recent exit. This move comes amid growing pressure from Republican lawmakers in Washington. The company did not provide a reason for its decision to leave the Net-Zero Banking Alliance.
Source: https://www.bloomberg.com/news/articles/2024-12-20/wells-fargo-says-it-s-quitting-climate-finance-group-for-banks