"In a significant move away from green finance initiatives, several major U.S. banks have withdrawn from the United Nations-backed Net-Zero Banking Alliance (NZBA), according to The Wall Street Journal. The coalition, formed in 2021, aimed to align financial institutions’ lending and investment practices with net-zero greenhouse gas emissions targets by 2050. According to the Journal, this shift not only highlights political pressures but also raises concerns about its ripple effects on industries reliant on financing. "
Some common sense returning already....
Aussie Banks should scrap the nutty "Climate' policies too...
