Health
Morgan Stanley decides to leave sector climate coalition
字号+ Author:Smart News Source:Sports 2025-01-14 02:39:00 I want to comment(0)
LONDON: Bank Morgan Stanley said on Thursday it had decided to leave the Net-Zero Banking Alliance, becoming the latest US lender to quit the sector's top global climate coalition. While the bank gave no reason for its decision, top banks have been under pressure from some US Republican politicians over their membership, with accusations that any move to limit finance to fossil fuel companies could breach antitrust rules. Despite leaving the NZBA, Morgan Stanley said in a statement that its commitment to helping the world transition to net-zero carbon emissions "remains unchanged." "We aim to contribute to real-economy decarbonisation by providing our clients with the advice and capital required to transform business models and reduce carbon intensity," it said. The bank said it would also continue to report on its efforts toward previously set 2030 targets to reduce the emissions tied to its loan book. The decision by Morgan Stanley follows similar moves in recent weeks by Citigroup, opens new tab, Bank of America, opens new tab, Wells Fargo, opens new tab and Goldman Sachs, opens new tab. A US-based environmental advocacy group urged New York state on Thursday to regulate the financial sector and ensure its policies align with climate goals. "These exits reveal the inadequacy of voluntary commitments and underscore the urgent need for state-level leadership and regulation," Vanessa Fajans-Turner, executive director of Environmental Advocates NY, said in a statement.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Poland’s Independence and Armed Forces Day celebrated
2025-01-14 02:35
-
بلییک لائیولی کی قانونی ٹیم نے جسٹن بالڈونی کی دھماکہ خیز حکمت عملی کا انکشاف کیا ہے۔
2025-01-14 02:04
-
کیٹ مڈلٹن، پرنس ولیم کو طاقت کے بڑے تبدیلی میں شاہی منظوری ملی
2025-01-14 01:35
-
زارا ٹنڈل خطرناک واقعے سے بچ گئیں۔
2025-01-14 00:37
User Reviews
Recommended Reads
Hot Information
- At least 44,176 Palestinians killed in Israel’s military offensive in Gaza since Oct 7 2023: health ministry
- زیندایا نے ٹام ہالینڈ کے ساتھ منگنی کا اعلان کیا: دیکھیں
- کینے ویسٹ نے بیانکا سینسوری کی 30 ویں سالگرہ کے ایک پیارے لمحے کی تصویر پوسٹ کی۔
- نکی گلیسر کی 2025ء کے گولڈن گلوبس سے منسوخ کی گئی مزاحیہ باتیں کی تفصیل
- Kamala Harris wins Oregon
- بیڈ بانی نے آخر کار کندل جینر کے بارے میں قیاس آرائیوں پر خاموشی توڑ دی
- ہیری اور میگھن جلد ہی مونٹیسیٹو چھوڑنے کا اعلان کر سکتے ہیں: پڑوسیوں نے ایک درخواست پر دستخط کیے ہیں۔
- ماہرین میگن اینڈ ہیری کی سوشل میڈیا کی کامیابی اور آسمان چھوتی کمائی کی پیش گوئی کر رہے ہیں۔
- Israeli strike kills 10 at school housing displaced families in Gaza City, medics say
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content