Banks retreat from climate change commitments – but it’s business more than politics
Another business-led effort to fight climate change is unraveling. On Aug. 27, 2025, the Net-Zero Banking Alliance suspended its activities after several major U.S. and European banks backed out. While most observers are blaming the strong political backlash in the U.S. against climate change action and sustainable investing, we believe the banks didn’t need much […]
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